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<p>The post <a href="https://coinpedia.org/price-analysis/top-altcoin-to-surge-2x-3x-amid-ethereums-bullish-breakout/">Top Altcoin to Surge 2X-3X Amid Ethereum’s Bullish Breakout&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After the <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) price</a> closed last week above $52,000, the altcoin market is now ready for the next bullish phase. The total altcoin market capitalization, alias TOTAL2, is on the cusp of reclaiming $1 trillion following a solid breakout last week. Furthermore, the TOTAL2’s weekly Relative Strength Index (RSI) rallied above 70 level for the second time since the 2021 bull run.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-ethereum-whales-fuel-bullish-breakout">Ethereum Whales Fuel Bullish Breakout</h2> 
<p>For the first time since the Terra Luna-induced crypto capitulation, Ethereum (ETH) has traded above $2,900. The recent approval of spot <a href="https://markets.coinpedia.org/bitcoin-etf/" target="_blank" rel="noreferrer noopener">Bitcoin exchange-traded funds (ETFs) </a>in the United States has significantly increased the odds of Ethereum-based ETFs soon. Furthermore, several fund managers led by BlackRock,&nbsp; Ark Investment, and Grayscale Investment have filed to offer spot ETH ETFs. As a result, Ethereum whales have been on a buying spree in the recent past.</p> 
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   <p lang="en" dir="ltr">Crazy!<br><br>A whale bought a large amount of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> again before the price of <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> rose today!<br><br>He withdrew 100M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> and spent 60M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> to buy 21,353 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> at $2,810.<br><br>Then he also withdrew 10,649 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($30.68M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a>. <a href="https://t.co/ULNmfPwm2F">pic.twitter.com/ULNmfPwm2F</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1759404057649959178?ref_src=twsrc%5Etfw">February 19, 2024</a>
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<p>According to on-chain data, several whales have withdrawn huge amounts of ETH from different exchanges including Binance. Consequently, Ethereum’s price could easily rally beyond $3,000 in the coming weeks. The weekly Auto Fibonacci Retracement shows <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">ETH price</a> will range between $3,150 and $3,750 in the near term, which coincides with the 2.618 and 3.618 levels respectively.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-opens-its-bull-market-doors-with-highest-weekly-close-heres-when-btc-price-may-hit-100k/">Bitcoin Opens its Bull Market Doors With Highest Weekly Close: Here’s When BTC Price May Hit $100K</a></p> 
<h2 class="wp-block-heading" id="h-top-altcoin-to-pay-close-attention-this-week">Top Altcoin to Pay Close Attention this Week</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FTM</a> potential 4x in current run as minimum target. <a href="https://t.co/oXsbT7mQfu">pic.twitter.com/oXsbT7mQfu</a></p>— ᴀʟᴛꜱᴛʀᴇᴇᴛ ʙᴇᴛꜱ (@AltstreetBet) <a href="https://twitter.com/AltstreetBet/status/1759479416764149985?ref_src=twsrc%5Etfw">February 19, 2024</a>
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<p>Amid the ongoing crypto bullish breakout, altcoins with impressive fundamentals and global online communities – led by <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">Solana (SOL)</a> –&nbsp; have already registered notable gains. Ocean Protocol (OCEAN) is a blockchain technology focused on the data economy at the intersection of blockchain, data, and Artificial Intelligence (AI). According to a popular crypto analyst alias Altsteet bets on the X platform, OCEAN’s price could easily rally 4x from the current levels after a solid breakout last week.</p>

Top Altcoin to Surge 2X-3X Amid Ethereum’s Bullish Breakout

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