In this article, we introduce the top Ethereum-based tokens, which are likely to grow significantly in their respective portfolios after the launch of ETH ETF.
Ethereum Classic (ETC) price trend:
Although about 2% of corrections have been recorded in the past 24 hours, the classic price of Ethereum has increased by 2.26% in the past week. In addition, with a trading price of $23.49 and a market value of $3.472 billion, this knockout coin ranks 27th on the global cryptocurrency list.
The EMA 50 daily line acts as a resistance to the ETC price chart within the 1D time frame. In addition, the MACD indicator shows a constant green histogram. This highlights the rising price trend in the cryptocurrency field.
If the bur regains momentum, Ethereum's classic price will be ready to test its upper resistance level of $29 in the next few weeks. On the contrary, if shorts dominate the market, the ETC token price will retest its low of $22 this month.
Ethereum Name Service (ENS) price analysis:
The price of ENS has attracted great attention in the cryptocurrency market in the past few months, resulting in an increase of more than 150% in its valuation this year. Its market value is $8611.61 million, and the current trading price is 69.48% lower than the previous high price of $85.69.
The relative strength index (RSI) continues to hover near the midpoint in the 1D time range. However, the average value recorded bearish convergence in the 1D time range, indicating that the cryptocurrency market's sentiment for counterfeit coins is mixed.
If the market shows a positive price trend after the ETH ETF is listed, the ENS price will begin to trade under bullish sentiment. This may lead to the counterfeit currency to its highest point of $32.50. However, the bearish action may pull the price of Ethereum name service to a low of $22.75.
Ethena (ENA) price trend:
As the price volatility in the cryptocurrency market intensified, the price of Ethereum plummeted by about 5% in the past day, with a trading volume of $72.8 million. However, in the past week, the price of Ethereum rose by 9.09% and finally ranked 89th with a market value of $789.93 billion.
The technical indicator RSI failed to test the sentity point, and its average value showed a negative trend. This highlights the weak buying and selling pressure of counterfeit coins in the market.
The moving average convergence divergence (MACD) shows a continuous decline in the green histogram, and its average value shows a neutral trend. This indicates that the price of Ethena has fallen.
If the market starts trading under bullish sentiment, ENA prices will regain momentum and are ready to test its upper resistance level of $1.075 in the next few weeks. On the other hand, the counterfeit currency may fall to its key support level of $0.375.
