Ethereum Price Breakout Imminent – Here’s What it Means for Altcoin Season

Bitcoin’s rise since early November has kickstarted the rebound of numerous altcoins, including Ethereum, Solana, and meme coins, and it shows no sign of stopping. While Bitcoin hovers just below the $100,000 mark, Ethereum has finally started to close the gap between its gains and the gains of other altcoins this month.

Despite lagging behind the likes of Solana throughout the year, Ethereum seems ready for a breakout, and it is currently the only one of the top five coins making gains in the past 24 hours. This could in turn trigger another altcoin season, and tokens like Pepe Unchained, CatSlap, and Best Token are primed to take advantage of this.

Crypto Market Cap Blows Past $3.3 Trillion Following Bitcoin’s Soar

The crypto market hasn’t been this valuable since 2021 when its market cap hit an ATH at $2.86 trillion. On November 11th, its market cap reached the value of its previous ATH and only kept rising since.

The US Election Day and the victory of President Donald Trump acted as a catalyst for a market-wide rebound led by Bitcoin, which gained 44.45% over the past 30 days. Bitcoin’s upward movement also fueled the soar of numerous altcoins and the broader crypto market, which now stands at $3.32 trillion.

Ethereum’s trajectory has historically been closely tied to Bitcoin’s performance and prevailing market sentiment, and both are currently working in their favor, with the Fear and Greed Index of 86 indicating a strong level of investor optimism.

Titan of Crypto, a crypto analyst, believes that Bitcoin is poised to soar further once it stabilizes above the $100,000 threshold, placing a target on the $111,000 mark.

Crypto advisor Vivek is also optimistic about Bitcoin’s short-term performance, highlighting the recent purchases worth a total of $86 million by several whales.

Ethereum Defies Today’s Dip as it Prepares for a Breakout

Although Ethereum’s year-long gains of 64.60% pale in comparison to Solana’s 313.90% and Bitcoin’s 153.31%, the leading altcoin is outperforming its competition today. Over the past 24 hours, Ethereum jumped from $3,313 to $3,417, representing a 3.06% increase in its price.

The altcoin’s gains are even greater on a weekly level, where it dominates the closest competition as the only token with double-digit gains.

Predicting a rotation from BTC and SOL to ETH, crypto analyst Crypto Wolf believes Ethereum’s breakout is imminent. He is confident that Ethereum can 3x by Q2 2025 by soaring past the $10,000 mark.

Crypto Rover, a crypto YouTuber, supports this notion, claiming that Ethereum’s soar will pave the way for all the other altcoins to skyrocket, including micro to mid-cap meme coins.

Ethereum’s technical indicators suggest that it is ready for a breakout as well. Its current price of $3,417 is far above its 50-day Simple Moving Average (SMA) of $2,758 and 200-day SMA of $2,897. With a 14-day Relative Strength Index (RSI) of 64.45, Ethereum indicates positive market sentiment that drove its price in the past.

Experts Believe PEPU, SLAP, and BEST are Well-Positioned to Explode Following Ethereum’s Breakout

While Ethereum’s potential 3x gains are nothing to overlook, experts are always on the hunt for meme coins promising the biggest gains, and the biggest meme coin ICO ever- Pepe Unchained (PEPU), is ready to ride the wave.

PEPU is preparing to enter the meme coin space with its Pepe Unchained Layer 2 network in just over 17 days. With 100x faster speeds than ETH at a fraction of the gas fees, PEPU stands to revolutionize the way we see Ethereum meme coins.

ClayBro, who calls it the “future of meme coins,” sees a 1,000x potential in PEPU, advising his audience to enter the presale while the coin sells for just $0.01295 each.

CatSlap (SLAP), one of the newest cat-themed meme coins, is also attracting increasing attention with its gamified approach to the market.

The ICO has already grown 20% in the past 24 hours. The team of crypto experts leading the 99Bitcoins channel believes now’s the best time to acquire SLAP at $0.004896, predicting 100x gains and a potential CEX listing.

The fastest-growing Web3 crypto wallet, Best Wallet (BEST), has recently launched the presale of its native token, BEST, and it currently sells at $0.02275 after raising more than $1.1 million.

Crypto ZEUS, a crypto analyst, believes BEST’s position in the Best Wallet ecosystem will help it explode at launch.

Investors have a limited time to secure their share of these tokens at their current prices ahead of a possible meme coin supercycle fueled by Ethereum’s potential soar.

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