Ethereum (ETH), Ethereum Classic (ETC), & Ethereum Name Service (ENS) Regain the Limelight with Impressive Price Action

The cryptocurrency market records a strong bullish recovery by adding 2.41% in 24 hours. Ethereum (ETH), Ethereum Classic (ETC), & Ethereum Name Service (ENS) regain the limelight with impressive price action.

After a bearish spell in the past week, the cryptocurrency market has shown a strong bullish recovery with a 2.41% gain in 24 hours. Among the altcoins, Ethereum (ETH), Ethereum Classic (ETC), and Ethereum Name Service (ENS) have shown impressive price action. Technical indicators suggest a sustained bullish price action this month.

With the recent crypto executive order by Donald Trump and the positive market sentiments, investors are speculating on the upcoming altcoin season. In this scenario, many investors are seeking answers to questions like “Is this a good time to invest in altcoin?” and “Top altcoins to watch this altcoin season?”

In this article, we will uncover the short-term price analysis of the top Ethereum chain tokens.

After a bearish price action in the past week, ETH has shown a strong bullish recovery today. Notably, with a trading volume of $35.198 billion, this altcoin has jumped 4.79% in valuation. With this, it has a market cap of $407.17 billion and a dominance of 11.28%.

TheRSI in the Ethereum price chart shows a constant hover around the neutral point. Notably, the average trendline acts as a support, highlighting an increase in the bullish price action.

If the crypto market favors the bulls, the ETH coin price will break out of its resistance trendline and head toward its upper high of $3,700. However, a bearish reversal could pull the Ethereum token toward its low of $3,100 this month.

Planning to stack more ETH tokens this altcoin season? But concerned about its long-term possibilities? Read CoinPedia’s Ethereum Price Prediction!

The ETC price has maintained its positive price action by adding 6.67% in 24 hours. Moreover, this altcoin has soared ~14% this year and has a market capitalization of $4.288 billion. This has resulted in it securing the 34th position.

The MACD shows a steady rise in the green histogram with its averages recording an upward trajectory. With the EMA 50/200-day experiencing a similar price trend, the Ethereum Classic price may continue gaining value this month.

Maintaining the price above its support level of $28 could set the stage for this altcoin to surge toward its resistance level of $33.50. On the contrary, if the bears outrun the bulls, this could result in the ETC price retesting its low of $22.50.

Are you curious to find out if the ETC crypto token will reach $100? Read our Ethereum Classic Price Prediction to explore the long-term price action!

The ENS price has secured a position in the daily top gainers list with a jump of 10.86% and a trading volume of $257.747 million. Moreover, it has jumped 3.12% in seven days and 4.87% this year, suggesting an increase in the positive influence of this altcoin in the market.

The SMA acts as a support to the Ethereum Name Service price chart. Furthermore, the RSI indicator shows a bullish rise above the neutral point. This indicates increased buying-over-selling pressure for the ETH-based token in the market.

A breakout in the symmetric triangle could lead the ETC price toward its upper resistance level of $50 in the coming time. Conversely, a bearish rejection could result in it dropping toward its immediate support trendline of $31 this month.

To understand the fundamentals and long-term price vision of this altcoin, read CoinPedia’s Ethereum Name Service Price Prediction!

FAQs

With increased adoption in the real world, the ETH coin price could reach a maximum trading price of $15,575 by 2030.

For the largest altcoin to reach this milestone, it will require a surge of 2,853.88% in its current valuation.

If the bullish sentiment sustains, the Ethereum Classic price will hit a high of $55 this year.

At the time of writing, the value of one Ethereum Name Service price was $36.12.

Considering the historic market sentiments, an AltSeason typically lasts for about 3 months.