On Tuesday morning, the Ethereum price fell by -1.6% in the past 24 hours, reaching $3,120. The altcoin appears to be forming a strong consolidation above $3,000 and could rise 50% in price after a breakout.

A crypto analyst at Another analyst predicts that ETH could overtake Bitcoin later this year based on performance.

Can ETH break out of consolidation and will Ethereum rise 50%?

Since mid-April, the Ethereum price has been below $3,350, but has not managed to break below $3,000. The 30-day moving average (yellow) gives a clear indication of the top of the current range and with a failed attempt to break above this yesterday, the Ethereum price has fallen back to $3,120.

Ethereum price chart – TradingView

Crypto analyst Derek at Derek looks at 3 bottoms that Ethereum experienced in April and expects the recovery from the last bottom to be stronger than before.

Another analyst at

The outlook for Ethereum is very positive and regardless of what the ETH price will do in the short term, with or without a breakthrough in early May, Ethereum could reach a new ATH above $5,000 this year.

Which altcoins will rise in the emerging crypto rally?

Many investors buy a limited amount of Bitcoin and Ethereum and use these cryptocurrencies more as an indication of where the market may go. When Bitcoin and Ethereum rise, smaller altcoins can rise even faster, making these altcoins more attractive to most crypto investors.

In this article we look at 3 small cryptos with the potential to become valuable in the next altcoin season. Because these altcoins have a very low market cap, you can buy them for a low price and they have a lot of room to explode in value.

Dogeverse (DOGEVERSE)

Dogeverse (DOGEVERSE) benefits not only when Ethereum rises, but also when altcoins such as SOL, AVAX, BNB and MATIC rise. Dogeverse is a meme coin that will be launched on 6 popular blockchains and is temporarily for sale in a presale that has already raised more than $12 million.

Because this meme coin is launched on 6 blockchains and can be transferred between these blockchains via a bridge, Dogeverse has a much greater chance of going viral than other meme coins that are based on one blockchain.

You can purchase DOGEVERSE for $0.000304 each during the presale, with the option to stake the meme coin for additional rewards during launch. After the meme coin is launched on exchanges, expectations are high that the price will rise, which would allow you to make a profit on your investment if you decide to sell.

WienerAI (WAI)

WienerAI (WAI) is a new meme coin that will soon be launched on the Ethereum blockchain and offers a unique combination of AI, meme coins and sausages. This dachshund is selling his WAI tokens in the presale and has already raised over $500,000.

Using Ethereum, the meme coin can not only ride on the ETH price, but it is also possible to stake these tokens to get lucrative rewards. Currently, locking in your WAI tokens comes with an APY of 1,330%, which you can earn on top of your tokens purchased in the presale.

You can buy and stake WAI tokens for $0.000702 each and will be able to claim and trade these tokens on Ethereum exchanges after the presale. WienerAI is building a strong community that will allow it – unlike most meme coins – to remain relevant in the longer term.

Mega Dice token (DICE)

Analyst Raoul, who we mentioned earlier in this article, is also bullish on Solana, which is not surprising given the network’s fast and cheap transactions. The successful crypto casino, Mega Dice, will leverage Solana to launch its new Mega Dice token (DICE) and give both players and investors unique opportunities to make extra money.

Players can enjoy a streamlined gaming experience with DICE, gaining access to exclusive bonuses and NFTs with even more benefits. Investors can stake their DICE after the token’s launch to earn a portion of the casino’s revenue (totaling $50m+ per month) as passive income.

You can take advantage of a fixed low price of $0.069 per DICE token during the presale, while Mega Dice has already raised over $600,000 with its new presale. DICE will soon launch on Solana and both players and investors can reap the benefits.

Disclaimer: This article contains insights from independent authors and is not part of BitcoinMagazine.nl’s editorial content. This is not investment advice, please do your own research.

Source: https://bitcoinmagazine.nl/nieuws/ethereum-vertoont-bullish-signalen-gaat-eth-koers-50-stijgen-en-bitcoin-inhalen-in-crypto-rally

Leave a Reply

Your email address will not be published. Required fields are marked *