The post Ethereum Price Retests $4k, These ETH-based Altcoins To Rally Next? appeared first on Coinpedia Fintech News
Story Highlights
Ethereum price adds over 6% in 24 hours and currently has a market cap of $473.165 billion.
ETH-based altcoins record a similar price action with some recording a double-digit gain.
The bullish price pattern in the daily time frames highlights a potential breakout rally this month.
As the Bitcoin price achieves its milestone of $100,000 during the early Asian trading hours today, the Ethereum price records a similar price action by retesting its target price of $4,000. This highlights an increase in the investor’s interest in it.
With ETH price on the path of achieving a new ATH next, is this the best time to buy these 3 Ethereum-based altcoins? In this article, we have covered the market sentiment and price analysis of the top 3 altcoins that have the potential to bag huge gains once the Ethereum token hits ATH!
Ethereum Classic (ETC)
The ETC price has followed the market sentiment by adding over 100% to its valuation within the last 32 days. This highlights an increase in the bullish sentiment for the altcoin ahead of a potential altcoin season rally. Moreover, with its market cap of $5.635 billion, it has secured the 30th position.
TradingView: ETC/USDT
The MACD indicator records a constant green histogram with its averages displaying a constant uptrend. Moreover, with its SMA supporting the ETC price chart, this altcoin highlights a strong bullish sentiment in the upcoming time.
If the bullish sentiment sustains, the Ethereum Classic price may record a new 52-week high and head toward its upper target price of $50. However, a bearish reversal could pull the price toward its low of $30 this month.
To find out when will ETC price hit $100? Read CoinPedia’s Ethereum Classic Price Prediction!
Ethena (ENA)
With a monthly surge of 176%, the Ethena price has formed an ascending channel pattern in its price chart. Notably, it has added 31.87% to its valuation over the last seven days and is currently exchanging hands at $0.9680 with a trading volume of $931.129 million.
TradingView: ENA/USDT
The EMA 50/200-day records a Golden Cross in the daily time frame with its RSI indicator breaching the overbought range in the ENA price chart. This suggests a strong positive price action for the 56th largest cryptocurrency this week.
A bullish breakout from its rising channel pattern could push the price of this altcoin toward its yearly high of $1.5. Conversely, if the bears outrun the bulls, the Ethena price may retest its support trendline of the channel pattern.
Curious to understand the possibilities of this altcoin achieving a new ATH? Read our Ethena Price Prediction to uncover the mysteries!
Ethereum Name Service (ENS)
The ENS price has surged ~16% in the last seven days and 177.47% over the past month. This has resulted in it forming a bullish flag pattern in the 1D time frame. Moreover, with a market capitalization of $1.458 billion, it has secured the 92nd position in the global crypto market list.
TradingView: ENS/USDT
The Simple Moving Average (SMA) constantly supports the ENS price chart, whereas the MACD indicator records a constant decline in its green histogram. This indicates a mixed price sentiment for the altcoin in the cryptocurrency market.
Maintaining its price above its support level of $40 could set the stage for the Ethereum Name Service price to head toward its upper price target of $60. On the contrary, a trend reversal could pull the price toward its low of $35 this month.
Will the ENS price reach $100? Read Ethereum Name Service Price Prediction until 2030 to uncover the long-term price sentiments!
FAQs
Amid a strong bullish price action and increased adoption, the ETC price may reach a high of ~$120 by 2029.
With a monthly return of ~190%, this altcoin has come under the limelight and radar of top investors and whales, making it a good long-term investment.
The Ethereum Name Service price is exchanging hands at $43.37 with a 24-hour trading volume of $1.119 billion.