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Crypto Price Prediction: After nearly two weeks of stagnant behavior, the cryptocurrency market resumes a recovery trend, led by the Bitcoin price rally. BTC rose for four consecutive days recording 8.6% as the price surged from $43000 to the current trading price of $43900.
The release of build-up bullish momentum coincides with the increasing inflow of Spot ETFs, indicating the rising demand for the underlying asset BTC. On February 8th, spot <a href="https://coingape.com/bitcoin-etf-sees-1-7b-inflows-despite-copa-vs-csw-impacts-market-dynamics/" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> saw their third-largest inflow, amounting to $403 million. Since the launch, the cumulative inflow into spot Bitcoin ETFs has surpassed $2.1 billion.
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> markets are recovering well after the post-<a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> drop 4 weeks ago. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>, in particular, has completed its comeback, reaching $46.3K for the first time since January 11th. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> social volume is rising, while the crowd shows less interest in <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>, <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>, and <a href="https://twitter.com/search?q=%24XMR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XMR</a>. <a href="https://t.co/rcaxdBwCfX" rel="noopener noreferrer nofollow">pic.twitter.com/rcaxdBwCfX</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1755870136018592194?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 9, 2024</a>
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Recent data from Santiment reveals a strong recovery in the crypto markets, particularly with Bitcoin, which climbed to $46,300, its highest since the Bitcoin ETFs launch on January 11. This recovery is accompanied by a spike in Bitcoin’s social volume, contrasting with lesser attention towards ETH, DOGE, and XMR
<h2 id="b-ethereum-eth-price-on-recovery-trend-eyes-2700-b">Ethereum (ETH) Price on Recovery Trend Eyes $2700</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/p/Pg6b9MGv.png" alt="BINANCE:ETHUSD Chart" width="1946" height="937">
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 Ethereum (ETH) Price| Tradingview
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Amid the recent consolidation in the crypto market, the <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> resonated between a rising trendline and horizontal resistance of $2400. This consolidation in the 4-hour time frame chart represented a bullish contention pattern called an ascending translate pattern.
The broader market witnessed renewed buying interest, the ETH price breached the $2400 neckline resistance bolstering buyers with suitable support for a higher rally. In the last five days, the coin price surged 5% to currently trade at $2515. The buyers reclaiming 50% of the last correction reflects the higher conviction from buyers which could lead to a rally back to $2700.&nbsp;
Additionally, Christine Kim, a leading developer for <a href="https://coingape.com/ethereum-dencun-mainnet-upgrade-eth-breaks-2500-as-geth-releases-crucial-update/" rel="noopener noreferrer nofollow">Ethereum’s Dencun upgrade</a>, announced on the X platform (previously known as Twitter) that the Dencun mainnet activation is slated for March 13th.&nbsp;
<h2 id="b-thorchain-rune-price-hints-continuation-of-recovery-trend-b">ThorChain(RUNE) Price Hints Continuation of Recovery Trend</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/r/RnSliPaN.png" alt="BINANCE:RUNEUSDT Chart Image " width="1946" height="937">
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 ThorChain Price| Tradingview
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Over the past two months, the <a href="https://coingape.com/price/thorchain/" rel="noopener noreferrer nofollow">Thorchain (RUNE) price</a> witnessed a steady correction which plunged its value from $7.3 to $3.75. While this aggressive downfall plunged the coin to a 61.8% Fibonacci retracement level, it developed a bullish continuation pattern called a flag.
Amid the recent market rebound, the RUNE price surged 43% within three weeks to currently trade at $5.36. Amid this bounce back the price gave a bullish breakout from the flag pattern signaling the resumption of the recovery trend. Today, the RUNE price surged 11.76% and triggered a short liquidation of $388.6K.
With Sustained buying, the altcoin should rise 35.65 to hit back $7.3 mark.
<h2 id="b-has-bonk-price-correction-bottomed-at-0-0000095-b">Has BONK Price Correction Bottomed At $0.0000095?</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/p/p8lUPGXw.png" alt="BINANCE:BONKUSDT Chart Image " width="1946" height="937">
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 BONK Price| Tradingview
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<a href="https://coingape.com/blog/bonk-vs-honk/" rel="noopener noreferrer nofollow">BONK</a>, the Solana-based meme cryptocurrency is managing to hold its position above the $0.0000095 support. In the last six weeks, the coin price has showcased three reversals from this support region indicating the active accumulation from buyers.
Moreover, the <a href="https://coingape.com/price/bonk/" rel="noopener noreferrer nofollow">BONK price</a> uses the aforementioned level as base support to develop a double bottom pattern. This bullish reversal pattern hints at bottom formation for BONK and the opportunity for buyers to accumulate this token at a discount.
Current trading at $0.0000167, the coin price should rise 53% only to hit the key resistance of $0.0000178. The anticipated rally could face potential resistance at $0.0000126, followed by $0.00001568.
<h3 id="related-articles">Related Articles:</h3>
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 <li><a href="https://coingape.com/markets/ethereum-price-prediction-3-pivotal-reasons-why-eth-will-keep-rising-in-2024/" rel="noopener noreferrer nofollow">Ethereum Price Prediction: 3 Pivotal Reasons Why ETH Will Keep Rising In 2024</a></li>
 <li><a href="https://coingape.com/just-in-ark-21shares-adds-staking-clause-to-ethereum-etf-filing/" rel="noopener noreferrer nofollow">Just In: Ark 21Shares Adds Staking Clause to Ethereum ETF Filing</a></li>
 <li><a href="https://coingape.com/crypto-prices-today-bitcoin-nears-46k-pepe-coin-continues-rebound-dym-surges-30/" rel="noopener noreferrer nofollow">Crypto Prices Today: Bitcoin Nears $46K, Pepe Coin Continues Rebound &amp; DYM Surges 30%</a></li>
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The post <a href="https://coingape.com/markets/crypto-price-prediction-today-february-3-eth-bonk-rune/" rel="noopener noreferrer nofollow">Crypto Price Prediction For February 9 As Market Rebounds From Uncertainty: ETH, BONK, RUNE</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For February 9 As Market Rebounds From Uncertainty: ETH, BONK, RUNE

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