Ethereum price has formed a rare bullish pattern that could trigger a bullish breakout in the coming weeks. After months of falling, ETH has bounced back to $1,770, up from this month’s low of $1,410. It has also formed a falling wedge pattern that could lead to more gains, potentially to $2,000 or $2,500.
The key ETH price level to watch will be at $2,120, the neckline of the triple-top pattern at around $4,000. Breaking above that resistance will validate the wedge pattern and indicate further gains later this year.
A strong Ethereum bullish breakout will likely lead to further upside in the cryptocurrency market. This article explores the top 3 crypto to buy if this rally happens.
Shiba Inu (SHIB)
Shiba Inu is one of the top crypto to buy ahead of the next Ethereum rebound. It is a popular token and the largest meme coin in the network, with over 1.5 million holders.
Shiba Inu is also transitioning from being a mere meme coin into a utility token. For example, the developers unleashed Shibarium, a layer-2 network that has handled over 1 billion transactions. Its number of accounts has jumped to almost 200 million.
SHIB price will also benefit by being highly deflationary because of its token burn that has incinerated trillions of tokens in the past few years.
Technically, the coin has formed a triple-bottom pattern on the weekly chart, pointing to an eventual rebound from the current $0.00001353 to $0.00002167, the highest swing on September 27, which is up by 60% from the current level.
Read more: Shiba Inu price prediction: mapping out potential SHIB scenarios
Uniswap (UNI)
Uniswap is another top Ethereum crypto to buy if the former makes a strong bullish breakout in the near term. The UNI price stood at $5.4 on Monday morning, a crucial support level that coincides with the rising trendline connecting the lowest levels since June 22, 2021. Uniswap has always jumped whenever it retested this support level.
The other top catalyst for the UNI price is that it is the biggest decentralized exchange network in the chain by far. It has also recently launched Unichain, a layer-2 network that is gaining steam. Unichain has already attracted over 20 developers, while volume in its chain has surged.
Data shows that Unichain handled over $1.8 billion in the last seven days, a 370% weekly increase. It has already passed popular networks like Arbitrum, Avalanche, Polygon, and Aptos in this metric. Its growth will likely boost the Uniswap price.
AAVE (AAVE)
AAVE is a top crypto to buy if the Ethereum price surges in the coming weeks. It is the top network in the network with over $20 billion in assets. Its main solution is that it helps users to generate a return by lending their tokens. Users also get access to cash by borrowing.
AAVE is a good coin to buy because it has survived the most streinous market in the crypto industry. It survived the FTX and Terra crash, and most recently, it was able to handle billions of liquidations in a day.
AAVE price fomed a falling wedge pattern, a popular bullish reversal sign in the market. It has already moved above the wedge pattern, a sign that the bullish breakout has happened. Additionally, AAVE has surpassed the 25-day moving average, a bullish indicator.
Therefore, it has a highly bullish outlook, with the next level to watch being the psychological point at $200, which is about 21% above the current level. A drop below the support at $150 will invalidate the bullish outlook.
Other top Ethereum crypto to buy
There are other top crypto to buy if Ethereum price continues to soar in the coming months. Pepe is one of them as it is one of the top meme coins in the ecosystem. Lido is the biggest DeFi network in the industry, while EigenLayer leads in the restaking industry. Other top coins to consider are Ethena, Spark, and Pendle.
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