Ethereum Price Retests $4k, These ETH-based Altcoins To Rally Next?

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.

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.

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.

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!

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