Ethereum

Rally

The post <a href="https://coinpedia.org/price-analysis/top-3-altcoins-poised-for-10x-rally-with-ethereum-etf-launch-today/">Top 3 Altcoins Poised For 10x Rally With Ethereum ETF Launch Today</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The SEC officially green-lights the <a href="https://coinpedia.org/news/ethereum-etf-news-will-spot-eth-etfs-outperform-bitcoin-etfs/" target="_blank" rel="noreferrer noopener">Ethereum ETF applications to begin trading on 23rd July 2024</a>. A historic day for the altcoins and the crypto industry to increase the adoption of Ethereum and, in turn, the demand for $ETH.&nbsp; 
While the <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH price</a> will likely rise with the hype before the ETF trading, the bull run depends on net flows. A positive net flow could drive the ETH price to almost $5,000 this week.&nbsp; 
Amid the bull run, the smart money will likely diversify into other altcoins that will give better returns with the HYPE. So, let’s take a closer look at our top three picks of altcoins poised for a 10x rally with the Ethereum ETF launch today.&nbsp; 
<h2 class="wp-block-heading" id="h-altcoins-to-watch-out-with-ethereum-etf-launch-mantle-mnt">Altcoins To Watch Out With Ethereum ETF Launch: Mantle (MNT)</h2> 
With a falling channel breakout, the MNT price trend reveals a reversal rally from $0.625, gaining momentum. The bullish recovery surpasses the 200D and 50D EMA despite the recent death cross, undermining the bearish signal.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf0yCh8RbUdj-o-uf1QdasKAh9OhElQpYkixJdjX86r178Q-PmUkWAefJx16u7L4i_Zpf7gKnJNwLVbl5xvhZbR9oULjyH0Nr09CaKpiNsicYIbPhTv9OVn9W6ZKlQwMASArdXUxtKCjSkOjByJhx7TSCIh?key=hsrpF9AN802p8EvWWMltIg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/mAMi8eY2/">Tradingview</a> 
The recovery rally accounts for 40% and resurfaces above the 23.60% Fibonacci level. Currently, the altcoin heads to the $1 mark, and with the boost from Ethereum ETF trading live later today, it is likely to enter a bull run.&nbsp; 
According to the Fibonacci levels, the uptrend could reach the $2.75 mark. If the ETF performance is positive, the bull run will likely account for a 10X rally in 2024.&nbsp; 
<h2 class="wp-block-heading" id="h-ondo-ondo">Ondo (ONDO)</h2> 
Similar to Mantle, the ONDO price action reveals a breakout rally ready to pick up pace with a broader market recovery. Despite facing opposition from the 50D EMA, the short-term correction retests the breakout event.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcqOsdrn9cMX01hOmptITps4cFg4gnz6e-IaGZ3q2d_iZ0HxOmLVaOdEoE8SC59jJjnkO7Fg2IJC8jB_XV_ya93cv4hLPUMJw7NzL4XJJZpaH14-GC0GczMmP57onwixNWBVtJr-UDU-vOfs-FKEX_lV9xF?key=hsrpF9AN802p8EvWWMltIg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/Mx1FqoxA/">Tradingview</a> 
The uptrend in ONDO could rechallenge the peak above $1.40 and potentially reach the $1.50 psychological mark. As per the trend-based Fbiboacci level, the altcoin will likely hit the $5.75 mark.&nbsp; 
<h2 class="wp-block-heading" id="h-aevo-aevo">AEVO (AEVO)</h2> 
With a rising wedge in the daily chart, the AEVO price is facing opposition from multiple bearish elements. The 50% Fibonacci level is at $0.60, and the 50D EMA and the rising trendline are the resistances ahead.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcF11r1yZt8gMrM3-MEMaJQYyVr90Mw3yBQAYGxbSoHYZbD3qemtprO0Fub30lEXdJr2o1586Vc2DPwbpLUo2agf7Cw5HnXcl5_lXS8ENdQwayzrHVV0PDyfvkop5_SKgpxWuZi-wsUYoj538gXBYqgE3YS?key=hsrpF9AN802p8EvWWMltIg" alt="">
</figure> 
<a href="https://www.tradingview.com/x/BEBSDDHj/">Tradingview</a> 
Considering the 66% recovery rally continues with a breakout, the bull run is likely to launch off with the broader market recovery. Hence, in the coming weeks, a 10x rally in this altcoin could reach the 2.618 Fibonacci level at $6.30. 
Also Check Out: <a href="https://coinpedia.org/price-analysis/whats-next-for-top-memecoins-as-bitcoin-price-hit-68k/" target="_blank" rel="noreferrer noopener">What’s Next For Top Memecoins As Bitcoin Price Hit $68K?</a>

Top 3 Altcoins Poised For 10x Rally With Ethereum ETF Launch Today

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