Ethereum

Shiba

Dogecoin

Shiba Inu

Avalanche

Crypto Price Prediction: On April 6th-Saturday, the altcoin market witnessed a notable inflow despite the flatline trading in <a href="https://coingape.com/bitcoin-short-term-investors-lose-5-2b-amid-btc-price-crash/" rel="noopener noreferrer nofollow">Bitcoin</a>. In the last 24 hours, the top altcoins like Ethereum (ETH), Solana (SOL), and XRP witnessed a 2% jump, while Avalanche (AVAX) and Dogecoin (DOGE) showed a 5-6% hike.&nbsp;
The leading digital asset Bitcoin recently witnessed a renewed bullish stand in US-listed BTC ETFs. On April 5th, <a href="https://coingape.com/us-bitcoin-etf-takes-center-stage-in-south-korea-elections/" rel="noopener noreferrer nofollow">Bitcoin spot ETFs</a> showed a notable uptick with $203 million in net inflows, marking a fourth day of positive movement, as reported by Wublockchain. Conversely, the Grayscale ETF GBTC experienced $198 million in outflows, contributing to its historical net outflows of $15.51 billion.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 According to SoSoValue, the total net inflows for Bitcoin spot ETFs yesterday were $203 million, marking 4 consecutive days of net inflows.
 The Grayscale ETF GBTC experienced a net outflow of $198 million for the day, with GBTC's total historical net outflow reaching $15.51… <a href="https://t.co/SGU6TgsPW3" rel="noopener noreferrer nofollow">pic.twitter.com/SGU6TgsPW3</a>
 — Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1776465694059901028?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
With limited signals for correction trend continuation, the broader trend in the crypto market remains bullish offering a suitable pullback opportunity for traders.
Also Read: <a href="https://coingape.com/markets/4-under-10-crypto-to-buy-to-flip-50-into-5000-in-april/" rel="noopener noreferrer nofollow">4 Under $10 Crypto To Buy To Flip $50 Into $5000 In April</a>
<h2 id="b-1-ethereum-eth-b">1)Ethereum (ETH)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/d/dOZoa2SC.png" alt="BINANCE:ETHUSD Chart " width="1946" height="937">
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 Ethereum (ETH)| Tradingview
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<a href="https://coingape.com/price-predictions/ethereum-eth-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> stands out as a pioneering blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). Its native cryptocurrency, Ether (ETH), powers transactions and applications on the network.
The <a href="https://coingape.com/legendary-trader-peter-brandt-predicts-solana-surpass-ethereum-value/" rel="noopener noreferrer nofollow">ETH price</a> currently trades at $3333 with an intraday gain of 0.4%. This asset entered a correction trend in March’s third week, leading to a downfall of 19% from $4090. The current market cap of Ethereum stands at $400 Billion, with an intraday trading volume of $12 Billion.
However, the correction trend wavering above the 38.2% Fibonacci retracement level indicates the broader trend remains bullish. Furthermore, the buyers could challenge an overhead resistance trendline of the daily chart, if the <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum price</a> witnesses renewed recovery at key pullback support like $3000 and $2800.
A breakout above this barrier will signal the resumption of the recovery trend.
Also Read: <a href="https://coingape.com/trending/ethereum-price-whats-happening-with-ethereum-will-it-recover-to-4000-before-halving/" rel="noopener noreferrer nofollow">Ethereum Price: What’s Happening With Ethereum; Will It Recover To $4000 Before Halving?</a>
<h2 id="b-2-b-b-shiba-inu-shib-b">2) Shiba Inu (SHIB)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/3/32hgrrr4.png" alt="BINANCE:SHIBUSDT Chart " width="1946" height="937">
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 Shiba Inu (SHIB)| Tradingview
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<a href="https://coingape.com/shiba-inu-shib-price-shows-signs-of-recovery-heres-why/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) originated as a meme cryptocurrency but has evolved into a project with its own decentralized exchange, ShibaSwap, and an expanding ecosystem that includes NFTs and a metaverse initiative, “Shiberse.
This memecoin has been under a correction trend for over a month, with the price falling from $0.0000456 to $0.0000236, registering a 41.5% loss. However, the pullback observed in the daily chart shows the formation of a bullish continuation pattern called ‘Pennant.’
Currently, the <a href="https://coingape.com/shiba-inu-shib-spotlights-listing-on-nexo-shib-price-to-rally/" rel="noopener noreferrer nofollow">SHIB coin</a> market cap stands at $16 Billion, while 24-hour trading volume stands at $408 Million. Under the influence of the pennant pattern, the Shiba Inu price breached the overhead trendline as a signal of uptrend continuation.
The post-breakout rally may propel the <a href="https://coingape.com/price/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu price</a> to a high of $0.0000456.&nbsp;
Also Read: <a href="https://coingape.com/shiba-inu-shib-price-shows-signs-of-recovery-heres-why/" rel="noopener noreferrer nofollow">Shiba Inu Coin Price: Why Expert Insight Hints 70% Surge This Weekend</a>
<h2 id="b-3-ethena-ena-b">3) Ethena (ENA)</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/7/7wVVJUbh.png" alt="BINANCE:ENAUSDT Chart " width="1946" height="937">
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 Ethena (ENA)
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<a href="https://coingape.com/ethena-labs-boosts-usde-with-bitcoin-for-greater-scale/" rel="noopener noreferrer nofollow">Ethena (ENA)</a> is a synthetic dollar protocol developed by Ethena Labs, leveraging the Ethereum blockchain to provide a decentralized finance (DeFi) platform. ENA stands out with its focus on stability and high-yield opportunities, which may attract those looking for passive income within their investment portfolios.
Amid the last three corrections in tandem with a broader market sell-off, the <a href="https://coingape.com/markets/whats-ahead-for-ethena-price-rally-after-1-breakout/" rel="noopener noreferrer nofollow">Ethena price</a> formed a bullish flag pattern. In theory, this chart pattern leads to a minor pullback to recuperate the exhausted bullish momentum.
This correction trend bottomed at $0.86 yesterday and rebounded 30% to trade at the $1.11 mark. The Ethena coin shows the current market cap of $1.59 Billion, while trading volume stands at $1.01 Billion.
Experiencing a 10% surge today, the <a href="https://coingape.com/blog/ethena-price-top-reasons-why-is-ena-price-soaring/" rel="noopener noreferrer nofollow">ENA price</a> has surpassed the upper boundary of its trading pattern, indicating a potential rally that could extend beyond $1.32.
<h2 id="span-style-font-weight-400-takeaway-span">Takeaway</h2>
The short-term trend of the cryptocurrency market remains bearish as a majority of major coins plummeted notability from their last peak. With the largest cryptocurrency by market cap Bitcoin yet to offer a strong signal of renewed recovery, the correction/consolidation trend also prolongs for altcoins. Thus, the upcoming Bitcoin halving, scheduled for the latter half of April, stands as a pivotal event in the cryptocurrency market, potentially setting the direction for market trends.
The post <a href="https://coingape.com/markets/crypto-price-prediction-4-6-eth-shib-2-gains-ena-jumps-10/" rel="noopener noreferrer nofollow">Crypto Price Prediction 4/6: ETH &amp; SHIB Rebounds with 2% Gains, ENA Jumps 10%</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction 4/6: ETH & SHIB Rebounds with 2% Gains, ENA Jumps 10%

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