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 Bitcoin reaches a milestone of $100,000, Ethereum is also making waves in the market with its price approaching the $4,000 mark. This surge in price signals growing interest from investors.
With Ethereum poised to hit a new all-time high, now could be the perfect time to explore three Ethereum-based altcoins with the potential for significant gains. In this article, we’ll delve into the market sentiment and price analysis of these top altcoins that could see substantial growth alongside Ethereum’s rally!
Ethereum Classic (ETC)
Ethereum Classic (ETC) has seen a remarkable uptrend, gaining over 100% in value over the past month. This surge in price reflects a bullish sentiment for the altcoin, hinting at a potential rally in the upcoming altcoin season. With a market cap of $5.635 billion, ETC currently holds the 30th position in the market rankings.
The MACD indicator shows a consistent uptrend with a green histogram, while the SMA provides strong support for the ETC price chart. These indicators point towards a bullish sentiment for Ethereum Classic in the near future.
If the bullish trend continues, Ethereum Classic could reach a new 52-week high and potentially target $50. However, a bearish reversal might lead to a price retracement towards $30 in the coming month.
Curious about when ETC might hit $100? Check out CoinPedia’s Ethereum Classic Price Prediction for more insights!
Ethena (ENA)
Ethena (ENA) has experienced a significant surge of 176% in the past month, forming an ascending channel pattern in its price chart. With a 31.87% increase in value over the last week, ENA is currently trading at $0.9680 with a trading volume of $931.129 million.
The EMA 50/200-day has formed a Golden Cross in the daily timeframe, while the RSI indicator has entered the overbought region on the ENA price chart. These signals indicate a strong positive price movement for the 56th largest cryptocurrency in the market.
A breakout from the ascending channel pattern could propel the price of Ethena towards its yearly high of $1.5. Conversely, a bearish scenario could see the price retesting the support trendline of the channel pattern.
Interested in the potential for ENA to reach a new all-time high? Dive into our Ethena Price Prediction for more insights!
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) has seen a 16% surge in the last week and a remarkable 177.47% increase over the past month. This has led to the formation of a bullish flag pattern in the daily timeframe. With a market cap of $1.458 billion, ENS currently holds the 92nd position in the global cryptocurrency market.
The Simple Moving Average (SMA) continues to provide support for the ENS price chart, while the MACD indicator shows a decline in the green histogram. This suggests a mixed sentiment for the altcoin in the cryptocurrency market.
Maintaining a price above the $40 support level could pave the way for Ethereum Name Service to reach its target price of $60. Conversely, a trend reversal could see the price dip towards $35 in the near future.
Curious about the potential for ENS to hit $100? Explore the Ethereum Name Service Price Prediction until 2030 for a long-term perspective!
FAQs
With a strong bullish trend and increasing adoption, Ethereum Classic could potentially reach $120 by 2029.
With a monthly return of approximately 190%, Ethena has garnered attention from top investors and whales, making it a promising long-term investment.
The current Ethereum Name Service price stands at $43.37, with a 24-hour trading volume of $1.119 billion.