The crypto market remains on edge, with ETH price comfortably below $3,000. However, Ethereum has formed an ascending triangle pattern and its exchange balances are falling, pointing to an eventual rebound. Here are the top Ethereum coins that may explode higher if it jumps to $4,000.
Best Ethereum Coins that Could Surge if it Hits $4,000
ETH price has numerous catalysts. Its ETF inflows are rising, exchange balances have crumbled, it has formed an ascending triangle, and a giant megaphone pattern. These bullish catalysts may push its price higher soon, benefiting many Ethereum coins like Pepe (PEPE), AAVE (AAVE), Uniswap (UNI), and Ethereum Classic (ETC).
Pepe (PEPE)
An Ethereum price surge to $4,000 will benefit some of the biggest meme coins in its ecosystem. Pepe price may surge because of its popularity and the fact that it has formed a falling wedge pattern.
This pattern comprises two descending and converging trendlines and often leads to a strong bullish breakout when they near their confluence. Pepe may surge to its all-time high of $0.00002828, up by almost 200% from the current level.
Ethereum Classic (ETC)
Ethereum Classic is one of the top Ethereum coins that may explode higher if ETH price surges to $4,000. One potential catalyst is that one or more firms will seek approval of a spot ETC ETF. Such approval would likely pass because it is a proof-of-work cryptocurrency.
Ethereum Classic price is also in a three-year consolidation, which is a sign that it is going through an accumulation. It recently dropped to the lower side of the ascending channel, meaning that a strong rebound may happen soon. A move to the upper side of the channel at $40 would be an 86% surge. Also, a climb to the 50% retracement at $93 would be a 340% rally.
AAVE (AAVE)
AAVE is one of the biggest Ethereum coins that could explode higher if ETH price soars to $4,000. It is the second-largest player in the DeFi ecosystem with about $20 billion in assets.
AAVE has strong technicals as it is forming a cup and handle pattern whose upper side is at $700. The lower side of the rounded bottom pattern has already been completed.
There are signs that AAVE price is in the second phase of the Elliot Wave pattern, which is usually followed by the third one, which is often the longest. A rebound to the YTD high of $400 would be a 55% surge, while a rally to its all-time high of $705 would be a 175% rally.
Uniswap (UNI)
Uniswap is one of the best Ethereum coins to buy if the value of ETH rebounds. It has some of the best fundamentals in Ethereum because it is the biggest DEX network, handling billions of dollars in volume a day. The coin also remains above the ascending trendline that connects the lowest swings since July 2022. A rebound to the December high would be a 100% rally.
Summary on Top ETH Coins
Many blue-chip ETH coins have struggled in the past few months as focus has been on Solana meme coins. Technicals and fundamentals point to more ETH price surge later this year, which will benefit many tokens in the ecosystem. The others to benefit are Shiba Inu, Chainlink, Mantra, and Ondo.
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