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The XRP price is in an upward trend, reaching $3 earlier this week. The altcoin has since retraced slightly, although analysts remain confident that the rally is not yet over. A powerful breakout to $6 may happen once there’s a weekly close above $3, according to crypto analyst Ali Martinez. Analysts Predict A $6 Target
The post Expert Predicts XRP Price Rally To $6 If This Happens appeared first on CoinGape.
The post Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next? appeared first on Coinpedia Fintech News
The gradual recovery of Ethereum (ETH), in the past few days beyond $1.7k, has reverberated in its layer two (L2) ecosystem, led by Arbitrum (ARM). The renewed altcoin interest by whale investors has rejuvenated bullish sentiment, as Bitcoin (BTC) price rebounded above the crucial support level of around $92k.
In the past seven days, ARB price has rallied over 18 percent to trade about 33 cents on Wednesday, April 23, during the mid-North American trading session. The large-cap altcoin, with a fully diluted valuation of about $3.3 billion and a 24-hour average trading volume of about $229 million, has been trapped in a multi-month falling trend.
After being trapped in a falling trend YTD, ARB price broke out of a falling logarithmic trend in the past few days, signaling a potential macro reversal. Furthermore, a similar reversal pattern occurred between September and November 2024 but was overshadowed by the YTD selloff.
With the daily Relative Strength Index (RSI) having rallied above the 50 percent level for the first time in 2025, it is safe to assume a reversal is imminent. Moreover, the daily MACD indicator is on the cusp of transitioning to bullish sentiment.
In case of further bullish sentiment, ARB price aims at 47 cents in the short term and $1.2 in the coming months.
The Arbitrum network has grown into a vibrant web3 ecosystem on the Ethereum blockchain in the past year. As of this writing, dozens of DeFi protocols have already deployed on the Arbitrum network, thus its total value locked (TVL) hovering at about $2.22 billion and its stablecoins market cap at around $2.86 billion.
The Arbitrum network has, however, faced intense competition from Coinbase Global-backed Base in the recent past. According to market data from Defillama, Base Network has a TVL of about $2.7 billion and a stablecoins market cap of around $4.11 billion.
The post Arbitrum (ARB) Price Analysis: Dead Cat Bounce or Full Blown Recovery Next? appeared first on Coinpedia Fintech News
ARB price has followed a similar fractal pattern to the September 2024 bullish breakout. The resurgence of crypto FOMO could trigger a parabolic rally for ARB price in the near future. The gradual recovery of Ethereum (ETH), in the past few days beyond $1.7k, has reverberated in its layer two (L2) ecosystem, led by Arbitrum …
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.
The Shiba Inu price remains in a deep bear market, having plunged by 60% from its highest point in November last year. A potential catalyst for the second-biggest meme coin would be a spot SHIB ETF application by one or more fund managers.
Besides, some top financial services companies have filed for over 70 ETF applications in the past few months. While XRP and Solana have dominated these applications, meme coins like Dogecoin, Bonk, and Official Trump have received several applications.
This means that the odds of at least one asset manager filing for a SHIB ETF application are high. That’s because Shiba Inu is one of the most actively traded meme coins in crypto. It has an active community of over 1.5 million holders, and it often ranks high in terms of Google Searches and social media mentions. Also, Shiba Inu has grown its ecosystem to include Shibarium, a layer-2 network, and ShibaSwap, a decentralized finance platform.
An eleven-month-old Change petition asking Grayscale to file for a Shiba Inu ETF has attracted over 11,000 verified petitioners.
A Shiba Inu ETF would likely attract some inflows from Wall Street investors seeking exposure to meme coins. However, odds are that many large players in finance will keep off because of the perceived volatility.
Therefore, a potential scenario is one in which these ETFs capture at least 10% of Ethereum’s inflows. Such a move would be a bullish one for Shiba Inu price as it would be a sign that it has demand. Ethereum ETFs have attracted cumulative inflows of $2.4 billion. In our hypothetical situation, that would mean that these SHIB ETFs receive about $240 million inflows after their launch.
As a disclaimer, no Shiba Inu ETF has been filed yet, and Grayscale has not commented on the Change petition. Also, the 10% inflows estimate is hypothetical, and could be higher or lower depending on the prevailing market conditions.
It is also worth noting that it may take months or over a year for a SHIB ETF filed today to be approved. Just this week, the SEC delayed its approval of a spot XRP ETF to June. ETFs of other coins may take longer to be approved, a worse situation for Shiba Inu since no application has been made yet.
The daily chart provides a clear picture of what is going on with Shiba Inu price. This chart reveals that the coin bottomed at $0.00001080 this month. This price was not by accident as it coincided with the lowest level in August last year. It has formed a giant double-bottom pattern at that price, with its neckline at $0.00003340. This pattern often leads to a strong bullish breakout.
Therefore, based on this pattern, one can estimate the potential SHIB price forecast to be the neckline at $0.00003340. A surge to that level would imply a 147% increase from the current level. Also, a jump above that price would signal more gains to last year’s high of $0.00004560, up by 240% from the current level.
On the other hand, the bullish SHIB price will invalidate the double bottom pattern if it fails to hold the key support at $0.00001080. Such a move will point to more downside, potentially to $0.0000077, its November 2023 lows.
The post Here is Possible Shiba Inu Price if a SHIB ETF Captures 10% of Ethereum ETF Inflows appeared first on CoinGape.
Ethereum price is attracting renewed market attention as analysts present technical scenarios pointing toward a potential move above the $2100 mark. Recent analyses from experts suggest that Ethereum price behavior is showing both bullish short-term structure and macro-level cyclical patterns, which could support an upward continuation if key levels hold.
Analyst Crypto Patel shared insight on the X platform, identifying a bullish price setup on the ETH/USDT chart. According to Patel, the top altcoin has shown a strong displacement move to the upside, which has led to a shift in market structure. This move followed a reaction from a previously identified bullish Point of Interest (POI).
Ethereum price is reacting positively from a key mitigation block near $2064.60, indicating strong institutional demand. The mitigation block represents a zone where the top altcoin price retraced after a breakout, often used by institutional traders to mitigate prior orders before continuing the trend. This setup places the entry for a long position within the upper mitigation zone, aligning with smart money principles.
The price target of $2128.12 aligns with a swing high liquidity zone, suggesting a likely smart money-driven move upward. These zones often hold clustered stop-loss orders and pending buy positions. A move into this area could allow investors to capture liquidity before a reversal. Patel sets a stop-loss at $2027.20, just below the mitigation block, providing a defined risk level if the altcoin price structure fails.
Another analyst, TimeFreedomROB, posted a chart on X comparing Ethereum price weekly structure to its 2018–2020 cycle. The analysis shows ETH breaking below an ascending triangle, mirroring its past breakdown below a descending triangle before its major 2020 recovery. In that prior cycle, ETH price formed a macro bottom and rallied from under $100 to nearly $4800.
According to the chart, Ethereum price is currently trading near $2060. It recently broke below the $2300 psychological level and tested the lower diagonal trendline around $1800. This area corresponds with horizontal demand levels from previous years. The chart implies this could represent a final shakeout phase before a strong upward move, similar to historical cycles.
The support zone between $1800 and $2000 has acted as a long-term base in earlier market periods. A reclaim of the $2200–$2400 range is important for Ethereum price to confirm a shift back into bullish momentum on the weekly timeframe.
Additionally, the macro view provided by TimeFreedomROB outlines possible reversal targets if the price continues to follow historical patterns. In 2020, ETH saw a 40x increase following structure reclaim. While current conditions differ, the projected path includes potential resistance levels at $3600, $4870, and an extended range of $6000–$7500.
Supporting the bullish projections, analyst MAXPAIN noted that ETH price could retrace to the $1,900 zone before a potential rally to $3,000. His analysis, based on the TPO chart, identifies the $1,874–$1,924 range as a key support and accumulation area.
The top altcoin is currently trading at $2,064.98, showing an 8.10% gain over the past 7 days. Its market cap stands at $249.12 billion, with a 24-hour trading volume of $11.71 billion.
The post Ethereum Price Eyes Breakout as Analyst Predicts Next Leg Up Above $2100 appeared first on CoinGape.