Top Ethereum-based Altcoins To Stack Before ETH Price Hits $4k?

The post Top Ethereum-based Altcoins To Stack Before ETH Price Hits $4k? appeared first on Coinpedia Fintech News

With the Ethereum price achieving a 5-month high, it has gained huge attention from the crypto space over the past few days. Following this, top altcoins from the Ethereum ecosystem have gained traction and added significant value to their portfolios.

Concerned if you are already too late in investing? Fear not as, in this article, we have covered the top 3 altcoins that have the potential to record massive surges once the Ethereum price hits $4,000. So scroll down to the bottom to find out potential picks to pace up with the bull run.

Ethereum Classic (ETC)

Despite recording a drop of ~1% in the past 24 hours with a trading volume of $577.15 million, the ETC price has jumped 27.36% over the past week and 21.23% during the last 30 days. With a market cap of $3.39 billion, it has secured the 30th position.

TradingView: ETC/USDT

The technical indicators SMA and RSI have both recorded a significant rise in the bullish sentiment. This highlights an increase in the buying-over-selling pressure for the altcoin in the market.

Maintaining the price above its support level of $22 could set the stage for the Ethereum Classic price to head toward its upper resistance level of $29. Conversely, a bearish reversal could pull the price toward its low of $18.50 this month.

Also, read Ethereum Classic (ETC) Price Prediction 2024 – 2030!

Ethena (ENA)

The Ethena coin has constantly displayed a bullish price action by adding 13.37% to its valuation in the past day. Further, it has surged 80.84% over the past week and with a monthly gain of 90.86%, it has reclaimed the $0.60 mark.

TradingView: ENA/USDT

The EMA 50/200-day has experienced a strong bullish curve in the 1D time frame. With its MACD indicator recording a constant rise, the Ethena price hints at a bullish outlook during the upcoming time.

If the bulls continue to dominate the market, this could push the ENA price toward its target price of $1. However, an uncertain event could pull the price of this altcoin toward its support level of $0.3750.

Ethereum Name Service (ENS)

The ENS price has dropped ~2% in the past 24 hours. However, it has soared 24.21% over the past week and 26.63% during the past month. With a market capitalization of $678.805 million, it has secured the 112th position in the global crypto market.

TradingView: ENS/USDT

The Relative Strength Index (RSI) is constantly heading toward its overbought range in the ENS price chart. Moreover, with its SMA indicator experiencing a bullish curve, this altcoin may continue gaining value this week.

If the market pushes the Ethereum Name Service price above its resistance level of $20.50, it could head toward its upper high of $24.60. On the contrary, if the bears regain momentum, this altcoin could retest its low of $16.50 this month.

Also, read Ethereum Name Service (ENS) Price Prediction 2024 – 2030!