Bitcoin ETF

Bitcoin

Optimism

<img width="1920" height="1080" src="https://coingape.com/wp-content/uploads/2023/12/altcoins-4.jpg" class="attachment-full size-full wp-post-image" alt="Top 3 Altcoin To Buy Today January 25: ETH, OP, TIA" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/altcoins-4.jpg 1920w, https://coingape.com/wp-content/uploads/2023/12/altcoins-4-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/altcoins-4-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/altcoins-4-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/altcoins-4-1536x864.jpg 1536w, https://coingape.com/wp-content/uploads/2023/12/altcoins-4-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2023/12/altcoins-4-150x84.jpg 150w" sizes="(max-width: 1920px) 100vw, 1920px">
The crypto market is at an interesting juncture characterized by fear and optimism for a massive rally into the bull market. Most investors are jittering following the post <a rel="nofollow" href="http://www.apple.com/uk">Bitcoin ETF</a>&nbsp;approval sell-off which pushed&nbsp;<a href="https://coingape.com/blog/will-bitcoin-price-fall-below-30/">Bitcoin price</a> to trim gains from its recent peak at $49,000 to below $39,000. The top altcoins to buy too were not spared considering Ethereum price is back to seeking support at $2,200 while Solana wobbles at $85. 
Despite the shaky foothold, experts like @CryptoBusy believe this is “a prime opportunity to accumulate Bitcoin and crypto at low prices before the next bull run.” 
The trader argues via a post on X that if investors fail to grab BTC and altcoins now, they will be forced to “wait another 3-4 years during the next bear market.” 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The 4th Bitcoin halving is 84 days away <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/231b.png" alt="⌛" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 And that's a prime opportunity to accumulate <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> at low prices before the next bull run. 
 If you don't take advantage now, you'll have to wait another 3-4 years during the next bear market. 
 A sound strategy is to… <a href="https://t.co/rGGf31rMB9">pic.twitter.com/rGGf31rMB9</a> 
 — CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1750507047098232857?ref_src=twsrc%5Etfw">January 25, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This article will delve into three top altcoins to buy starting with Ethereum (ETH), Optimism (OP), and Celestia (TIA) aiming to explore key entry positions ahead of the next bull run. 
Recommended:&nbsp;<a href="https://coingape.com/markets/3-top-crypto-to-buy-today-january-25-xrp-ada-bonk/">3 Top Crypto To Buy Today January 25: XRP, ADA, BONK?</a> 
<h2 class="p1" id="ethereum-price-wobbles-awaiting-spot-etf-hype">Ethereum price wobbles awaiting spot ETF hype</h2> 
Ethereum outperformed Bitcoin following the ETF green light a couple of weeks ago. As BTC struggled to clear its way to $50,000 showing the weakness of the uptrend, the narrative quickly shifted to Ethereum due to a sudden increase in speculation for a spot ETH ETF approval. 
The CEO and founder of MN Trading, Michaël van de Poppe believes that&nbsp;<a href="https://coingape.com/markets/ethereum-price-prediction-for-jan-25-eth-drop-below-2100-imminent-ahead-of-major-rally/">Ethereum</a>&nbsp;is not done with the uptrend. He argues that the digital asset is going to see a surge in momentum over the next few weeks highlighting key factors like the Bitcoin bottom which could be “a trigger for altcoins to make a new run,” not to mention the hype for an Ether spot ETF and the network launching upgrades to reduce at least 90% of the costs. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The momentum towards <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is probably going to come in the next few weeks. 
 Arguments: – <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> bottoming out is a trigger for altcoins to make a new run. – Ethereum Spot ETF hype. – Ethereum launching new upgrades to reduce 90% of the costs. <a href="https://t.co/N8bDi52F8M">pic.twitter.com/N8bDi52F8M</a> 
 — Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1750473590942871933?ref_src=twsrc%5Etfw">January 25, 2024</a>
</blockquote> 
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If Ethereum manages to break free from its current price bracket, the ensuing target might be the upper resistance line of the channel, estimated at around $2,300. With sustained bullish pressure, the coin could escalate to a high of $3,000 in the near term. However, it’s essential to consider that a drop below the wedge’s support level, especially at the $2,100 point, might initiate a downward trend toward the channel’s lower support line near $2,000. 
<figure id="attachment_176747" aria-describedby="caption-attachment-176747" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-176747" src="https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03.png" alt="OP price chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03.png 2710w, https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/01/ETHUSD_2024-01-25_17-01-03-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-176747" class="wp-caption-text">
 OP price chart | Tradingview
 </figcaption>
</figure> 
The technical indicators for ETH paint a mixed but cautiously optimistic picture. The Relative Strength Index (RSI), currently below the 50 mark, suggests a short-term bearish trend. However, the Moving Average Convergence Divergence (MACD) indicator tells a different story, displaying a positive trend. This is evidenced by the MACD line’s upward cross over the signal line, hinting at a bullish outlook in the near future. Complementing this is an ascending histogram. 
<h2 class="p1" id="what-s-in-store-for-optimism-op-after-33-nosedive">What’s in store for Optimism (OP) after 33% nosedive</h2> 
Optimism bulls are engaged in a support-seeking exercise to help curb the selling pressure that has since January 12, trimmed gains from the peak at $4.2 to $2.77. 
However, with the RSI significantly below 50 but not oversold yet, further decline is anticipated before OP collects enough liquidity to support an uptrend. 
<figure id="attachment_176745" aria-describedby="caption-attachment-176745" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-176745" src="https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02.png" alt="OP price chart | Tradingview" width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02.png 2710w, https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/01/OPUSD_2024-01-25_17-13-02-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-176745" class="wp-caption-text">
 OP price chart | Tradingview
 </figcaption>
</figure> 
Traders should be looking at $2.5 as the next viable support or the lower ascending trendline. Just like OP’s bullish outlook from the trendline in the last few months, a rebound from this area might catapult the price to $4 or higher. 
<h2 class="p1" id="celestia-tia-bleeds-as-traders-short-tia">Celestia (TIA) bleeds as traders short TIA</h2> 
Traders still believe it is safe to short Celestia, especially with the drop from an all-time high at $20. The token traded at $15.32 on Thursday but what is of utmost concern for the the bulls is whether the downtrend is nearing an end or TIA still has a long way to go down the abyss. 
<figure id="attachment_176746" aria-describedby="caption-attachment-176746" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-176746" src="https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15.png" alt="TIA price chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15.png 2710w, https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/01/TIAUSD_2024-01-25_17-26-15-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-176746" class="wp-caption-text">
 TIA price chart | Tradingview
 </figcaption>
</figure> 
The 200 EMA (purple) flaunts support at $15.18 but since this area was breached on Tuesday, its robustness remains questionable. Stronger support exists at the ascending trendline with the possibility of TIA stretching the leg to $14 before starting to gain ground. 
<h3 class="p1" id="related-articles">Related Articles</h3> 
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The post <a href="https://coingape.com/markets/top-3-altcoins-to-buy-today-january-25-eth-op-tia/">Top 3 Altcoins To Buy Today January 25: ETH, OP, TIA</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Top 3 Altcoins To Buy Today January 25: ETH, OP, TIA

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