Top Altcoins To Watch This January 2025!
Cryptocurrency markets have experienced a strong bullish turn following Donald Trump’s official announcement and the signing of an executive order on cryptocurrencies. The altcoin space has received the most attention, leading to increasing speculation about the upcoming altcoin season.
Given the current market sentiment, investors are curious about questions like “Is now a good time to invest in altcoins?” and “What are the top altcoins to watch this altcoin season?” In this article, we reveal possible short-term price analysis of the top Ethereum chain tokens.
Ethereum (ETH)
After experiencing bearish moves over the past week, ETH price witnessed a strong bullish rally today. Notably, the altcoin has a trading volume of $35.198 billion and a valuation increase of 4.79%. As a result, its market capitalization is US$407.17 billion and its dominance is 11.28%.
The Relative Strength Index (RSI) continues to hover near the neutral point on the Ethereum price chart. Notably, the average trendline acted as support, highlighting the increasing bullish price action.
If the cryptocurrency market favors the bulls, ETH price will break above its resistance trend line and head towards highs of $3,700. However, a bearish reversal could pull the Ethereum token towards this month’s lows of $3,100.
Planning on hoarding more ETH tokens this altcoin season? But worried about its long-term possibilities? Read CoinPedia’s Ethereum Price Prediction!
Ethereum Classic (ETC)
Ethereum Classic price maintains positive price action, rising by 6.67% in 24 hours. Additionally, the altcoin has surged approximately 14% this year, reaching a market capitalization of $4.288 billion. This puts it firmly in 34th place.
The Moving Average Convergence Divergence (MACD) shows a steady rise in the green histogram, with its average recording an upward trajectory. Ethereum Classic price may continue to appreciate this month as the EMA 50/200 daily line experiences a similar price trend.
Sustaining the price above the $28 support could set the stage for the altcoin to surge towards the $33.50 resistance. Conversely, if the bears outperform the bulls, this could cause ETC price to retest the $22.50 lows.
Are you wondering if the ETC crypto token will hit $100? read our Ethereum Classic Price Prediction Explore long-term price action!
Ethereum Name Service (ENS)
ENS price firmly topped the daily increase list with a 10.86% increase and a trading volume of $257.747 million. Moreover, it has increased by 3.12% in 7 days and has increased by 4.87% this year. This indicates an increase in the positive impact of altcoins on the market.
The simple moving average (SMA) acts as support for the Ethereum name service price chart. Additionally, the RSI indicator shows a bullish rise above the neutral point. This indicates increased buying and oversold pressure on ETH-based tokens in the market.
A breakout of the symmetrical triangle may cause ETC price to reach upper resistance at $50 in the future. Conversely, a bearish rejection could lead to a drop towards this month’s immediate support trendline at $31.
To understand the altcoin’s fundamentals and long-term price vision, read CoinPedia’s Ethereum Name Service Price Prediction!
FAQ
As real-world adoption continues to increase, the price of ETH coin may reach its highest trading level $15,575 By 2030.
For the largest altcoins, it will take a surge to reach this milestone 2,853.88% At current valuations.
Ethereum Classic Price Will Hit Highs If Bullish Sentiment Continues $55 This year.
At the time of writing, the Ethereum name service price is worth $36.12.
Given historical market sentiment, the replacement season typically lasts approx. 3 months.
