$SHIB shib inu new update

Shiba Inu price may surge if there is a spot SHIB ETF application and approval.

More gains would happen if these funds capture a 10% of Ethereum net inflows.

Technical analysis suggest a Shiba Inu price forecast a 147% upside from the current level.

The recent Shiba Inu price recovery has stalled after hitting a crucial resistance level. It has slipped by 11% from its highest level this week. This crash may be reversed if a SHIB ETF is filed and approved this year, and if the funds capture 10% of Ethereum’s inflows.

The value of SHIB has risen by 2.5% over the last 30 days, and according to CoinGape, its market capitalization has increased to $7.9 billion.