Ethereum Price Breaks Resistance, Aims For $5000 Target

While the Ethereum price offers the chance for a run up to the $5,000 level, some analysts point to 3 altcoins which are certain to follow ETH up the mountain.

As the Ethereum price shows signs of a potential run-up to the $5,000 level, several altcoins have emerged on the radar of analysts, promising to follow ETH up the mountain. Among these altcoins, 3 in particular have caught the attention of traders.

In this article, we will delve deeper into the recent price action of some of these tokens, highlighting their performance and analyzing the factors driving their price movements.

3 Altcoins To Watch As Ethereum Price Eyes $5000 Target

The recent whale activities have shown large volumes of ETH being moved around. According to data from LlamaFeed, whales have moved more than $300 million in ETH in the last 24 hours, suggesting probable selling pressure in the short run. However, despite the recent volatility, ETH remains one of the most prominent cryptocurrencies in the blockchain space.

On the other hand, ETH has formed a base above $3,000, while the first support is set at $3,050. At the moment, Ethereum has cleared the $3,120 and $3,150 resistance levels, and is slowly moving higher, setting its sight on a fresh surge above $3,220 with main resistance forming near $3,250.

If the Ethereum price breaks past these resistance levels in November, analysts estimate a surge towards $5,000 by year-end.

Cardano (ADA) Sets Up For Surge To $1 As Ethereum Price Heads To $5000 Target

Cardano (ADA) follows a similar trend as the Ethereum price heads towards the $5,000 target, aiming to capture its all-time highs on its own bullish path. Cardano (ADA) has added almost 170% from its lowest level this year and jumped to a new high since March 2024.

This jump in the Cardano (ADA) price is mainly due to the recent crypto market rally where Bitcoin reached $92,000 and the overall market value reached $3 trillion. However, analysts are speculating that Cardano (ADA) may be gearing up for a strong uptick at the $1 mark when ETH will reach its target price at $5,000.

BONK Hits New ATH As Ethereum Price Surges Towards $5K Target

BONK surged over 60% during the past week and hit a new all-time high on Nov. 17, 2024. Following this, BONK dethroned Dogwifhat as Solana’s leading meme coin, despite WIF’s recent Coinbase listing. Crypto analyst Dami-Defi foresees BONK hitting the $0.00014 price target.

He speculates that BONK will likely rally over 237.02% by year-end, influenced by the potential ETH price increase. However, BONK is nearing the overbought zone as indicated by the RSI at 86, and will likely enter the consolidation phase soon.

IntelMarkets Shows Potential For Significant Surge

IntelMarkets (INTL) is an advanced crypto trading platform with native AI integration. It is built on the Ethereum blockchain and Rodeum—the first blockchain layered AI. The development ecosystem on Rodeum is backed by over $500,000 in grants.

A strong feature of IntelMarkets is its commitment to providing users with unparalleled risk management and profit opportunities with enterprise-grade trading tools. Users have access to consolidated insights from over 10,000 different data platforms.

However, the best part of IntelMarkets is the ongoing crypto presale of INTL, the platform’s native ERC-20 token, which experts predict could bring gains of up to 5000% for investors as it rallies alongside ETH. Investors can join the presale in its current stage 5 with just $0.04 each.