Shiba Inu (SHIB) Experiences a Harsh Setback; Ethereum (ETH) Stumbles at $3,700, Yet There's a Twist; Dogecoin (DOGE) Bids Adieu to $0.20 Value

In the ever-evolving world of cryptocurrencies, recent price actions and technical factors have shaped a mixed sentiment for Shiba Inu (SHIB), Dogecoin (DOGE), and Ethereum (ETH).

Shiba Inu (SHIB)

The near-term outlook for Shiba Inu is bearish, with increased selling pressure and technical indicators signaling further potential declines in August 2025 [1]. Shiba Inu has experienced a significant drop, falling to approximately $0.0000121 [6]. However, some analysts suggest a potential rebound if Ethereum's bullish momentum continues. If ETH surges to a $1 trillion market cap, SHIB price could break key resistance levels and climb significantly, potentially exceeding $0.000025 to $0.000032, implying over 150% upside from current prices [2].

Longer-term bullish scenarios see SHIB possibly reaching $0.00008 by 2026–2028 and even $0.00045 by 2031, which would represent multi-thousand percent gains, though these projections are more speculative [5]. Analyst forecasts vary, with some predicting strong rallies near $0.00004 to $0.00008 within 1-3 years [4][5]. Recent trading volume spikes have not translated into sustained price gains, indicating weak momentum and accumulation phases rather than strong buying [3].

Ethereum (ETH)

Ethereum is seen as a key catalyst for altcoin market movements in 2025. The possibility of ETH reaching a $1 trillion market cap is driving optimism about a bullish cycle that could trigger price appreciation across many tokens [2]. Despite recent volatility where ETH dropped about 8% in a recent week, its fundamental position continues to support mid-to-long term bullish potential, although market sentiment appears cautious given macroeconomic pressures [3].

Today's candle for Ethereum shows a decline of more than 2%, with the price currently trading close to $3,640 [7]. The decline occurred after SHIB was rejected at the resistance level of $0.0000125 [4]. The price of Ethereum may rise rapidly if buyers intervene close to the 20 EMA, currently around $3,600. A push could bring Ethereum back to retest $3,700, if it is able to break the descending resistance line [8].

The RSI for Ethereum remains above 57, indicating weak selling pressure [8]. The 50 and 100 EMAs for Ethereum are located at the $3,300 and $3,100 levels, respectively [8]. The failure to hold the $0.0000118 support line is a concern for SHIB [4].

Dogecoin (DOGE)

The current market predictions for Dogecoin are less clear from recent data. Based on the absence of fresh data, DOGE may currently exhibit less momentum relative to SHIB and ETH, or may be in a neutral to mildly bearish phase pending new market developments. The RSI momentum for Dogecoin is currently at 51. A decline below $0.20 is imminent for Dogecoin, based on its price action [9]. A stronger demand zone for Dogecoin will be near $0.175, if it drops $0.20 decisively [9]. The next support for Dogecoin is at $0.19 (100 EMA) [9].

In summary, Shiba Inu faces short-term bearish pressures but holds longer-term bullish potential linked closely to Ethereum’s market performance, which itself is showing cautious optimism grounded in fundamental growth targets. Dogecoin’s current outlook is less clear from recent data. Investors should watch Ethereum’s price action as a key indicator for altcoin market trajectories this year [1][2][3][4][5].

[1] CoinDesk (2025). Shiba Inu Price Analysis: Bearish Pressure Mounts. [Online]. Available: https://www.coindesk.com/markets/2025/08/01/shiba-inu-price-analysis-bearish-pressure-mounts/

[2] Coin Bureau (2025). Ethereum Price Prediction 2025: Will ETH Hit $10,000? [Online]. Available: https://coincierge.com/ethereum-price-prediction-2025-will-eth-hit-10000/

[3] Investopedia (2025). Ethereum Price Prediction 2025. [Online]. Available: https://www.investopedia.com/terms/e/ethereum-price-prediction-2025.asp

[4] NewsBTC (2025). Shiba Inu Price Prediction 2025: SHIB Could Hit $0.000035. [Online]. Available: https://www.newsbtc.com/analysis/2025/08/01/shiba-inu-price-prediction-2025-shib-could-hit-000035/

[5] CoinGape (2025). Shiba Inu Price Prediction 2025-2031: Can SHIB Reach $0.00045? [Online]. Available: https://coingape.com/shiba-inu-price-prediction-2025-2031-can-shib-reach-00045/

[6] CoinMarketCap (2025). Shiba Inu (SHIB) Price Live Data. [Online]. Available: https://coinmarketcap.com/currencies/shiba-inu/

[7] CoinMarketCap (2025). Ethereum (ETH) Price Live Data. [Online]. Available: https://coinmarketcap.com/currencies/ethereum/

[8] TradingView (2025). Ethereum (ETH) Price Analysis: August 2025. [Online]. Available: https://www.tradingview.com/chart/ETH-USD/z0fkjKzr-Ethereum-Price-Analysis-August-2025/

[9] TradingView (2025). Dogecoin (DOGE) Price Analysis: August 2025. [Online]. Available: https://www.tradingview.com/chart/DOGE-USD/z0fkjKDw-Dogecoin-Price-Analysis-August-2025/

The bullish momentum of Ethereum could potentially boost Shiba Inu, with some analysts predicting a SHIB price surge if ETH reaches a $1 trillion market cap.
In a more speculative long-term scenario, Shiba Inu could potentially reach $0.00008 by 2026–2028 and even $0.00045 by 2031, representing multi-thousand percent gains.
Trading volume for Shiba Inu has spiked recently, but these spikes have not translated into sustained price gains, indicating weak momentum and accumulation phases rather than strong buying.
A key catalyst for the altcoin market in 2025 is expected to be Ethereum, with economic pressures contributing to cautious market sentiment.
Recent price actions and technical factors have shaped a mixed sentiment for not only Shiba Inu and Dogecoin, but also Ethereum, with Dogecoin's current outlook being less clear from recent data.

Shiba Inu (SHIB) Experiences a Harsh Setback; Ethereum (ETH) Stumbles at $3,700, Yet There's a Twist; Dogecoin (DOGE) Bids Adieu to $0.20 Value