ETH Rivals to Buy as Standard Chartered Slashes Ethereum Price Target From $10K to $4K

Monicah WMarch 18, 2025

Ethereum price has crashed this year, and there are signs that the downward trend may continue this year. Standard Chartered analysts have slashed their target by 60% to $4,000, while a bearish pennant points to further downside. This article explores some of the best ETH rivals to buy after the analyst downgrade.

ETH Rivals to Buy After Standard Slashed Ethereum Price Target

Analysts at Standard Chartered, who have been highly bullish on cryptocurrencies, have slashed the Ethereum price target from $10,000 to $4,0000. Further, the chart below shows that the coin has formed a bearish pennant pattern. This pattern comprises of a long vertical line and a triangle and often leads to more downside.

Some of the top ETH rivals to buy are Cardano (ADA), Berachain (BERA), and Binance Coin (BNB).

Cardano (ADA)

Cardano is one of the top ETH rivals to buy even as its price remains 45% below its highest level in 2024 and 77% below its all-time high. Cardano has two potential catalysts that may push it higher in the near term: ADA ETF approval and the upcoming BitcoinOS integration.

It also has bullish technicals. The weekly chart shows that Cardano is in the second phase of the Elliot Wave pattern. Elliot Wave is a pattern made up of five alternating waves. The second one is usually bearish, followed by the bullish third wave, which is the longest.

Therefore, a move to last year’s high of $1.325 would be a 87% surge from the current level, while a jump to the 50% retracement point at $1.7 would be a 140% increase.

Berachain (BERA)

Berachain is another crypto to buy as Ethereum price is primed to dip further. The main catalyst for the BERA token is that it is gaining traction among developers.

Berachain has attracted 45 developers in the decentralized finance or DeFi industry, with the total value locked (TVL) being $3 billion and the stablecoin market cap rising to over $1.53 billion.

Berachain’s performance in DeFi is much better than that of Ethereum. Data shows that Ethereum has shed over 18% in TVL in the last 30 days to $47 billion. The main concern about Berachain is that it will have many token unlocks until 2028.

Binance Coin (BNB)

BNB is another good ETH rival to buy as the Ethereum price crashes. It has a combination of strong fundamentals and technicals. Fundamentally, the BSC Chain has established itself as the most viable alternative to Ethereum and Solana. Ethereum is known for its slow speeds and high transaction costs, while Solana’s reputation has been damaged because of its meme coins.

BNB price has formed a cup and handle chart pattern on the weekly chart pointing to an eventual rebound to over $1000 in the long term.

Summary on The Best ETH Rivals

There are chances that the Ethereum price will tumble to below $1500 in the near term. If this happens, it will make sense to invest in popular ETH rivals like BNB, Cardano, and Berachain. Other quality ETH rivals to consider are Aptos, Mantra, and Sonic.

The post ETH Rivals to Buy as Standard Chartered Slashes Ethereum Price Target From $10K to $4K appeared first on CoinGape.

IMX Price Drops to 2-Year Low After 30 Million Tokens Are Sold; All-Time Low in Sight

Immutable’s (IMX) price has been on a significant downtrend recently, falling to multi-year lows. The token has suffered a sharp decline, and its price is currently hovering around $0.433.

If the current trend continues, there is a possibility that IMX could form a new all-time low (ATL).

Immutable Investors Are Giving Up

The supply of Immutable on exchanges has risen dramatically in the past two weeks. A total of 30 million IMX tokens have been added, increasing the overall supply to 165 million IMX. This surge in supply is worth approximately $13 million and indicates a shift in investor sentiment.

As investors begin to sell off their holdings, this suggests growing skepticism about the token’s future prospects. The trend has led to an increase in selling pressure, which further exacerbates the current price decline.

IMX Supply on Exchanges. Source: Santiment

The overall macro momentum for Immutable appears to be unfavorable at this point. Active addresses, which measure the number of unique addresses engaging with the network, are at a low level. The lack of participation reflects investor hesitation and reduced confidence in the token’s potential.

When fewer addresses are interacting with the network, it generally indicates a lack of new capital entering the market. As a result, this decline in activity has contributed to the negative sentiment surrounding IMX.

IMX Price Needs A Reversal

IMX price is down nearly 40% over the past two weeks, with the 30 million token sell-off playing a significant role in the decline. At the time of writing, the price is at $0.433, holding just above the critical support level of $0.400. If this support is broken, the price could fall further, potentially reaching $0.375 or below, resulting in a new all-time low.

The continued drawdown suggests that the token may not see a recovery soon unless the market conditions improve. If IMX manages to hold above $0.400, there is a slim chance it could stabilize before testing further resistance levels. However, breaking through the $0.400 support would likely lead to more losses.

For a more optimistic scenario, IMX would need to reclaim the support level of $0.508. This could pave the way for a potential recovery, allowing the price to rise toward $0.684.

A successful breach of these levels could invalidate the bearish outlook and offer some hope for reversing recent losses.

The post IMX Price Drops to 2-Year Low After 30 Million Tokens Are Sold; All-Time Low in Sight appeared first on BeInCrypto.

Cardano Golden Cross Ends In Under A Month; Price Drop Ahead

Cardano (ADA) has recently experienced a significant decline, bringing the altcoin to near its monthly low. The potential end of its Golden Cross has raised concerns, as it could signal further bearish price action for the cryptocurrency.

Despite these factors, long-term holders (LTHs) may help prevent a severe downturn by maintaining their positions.

Cardano Ends Its Golden Cross Short

The current market sentiment for Cardano points to the potential formation of a Death Cross. This happens when the 50-day exponential moving average (EMA) slips below the 200-day EMA.

If confirmed, it will mark the end of the ongoing Golden Cross, which has only lasted for three weeks. This short-lived Golden Cross is even shorter than the previous Death Cross, which lasted for over a month.

The relatively brief Golden Cross has left traders with a sense of uncertainty. A reversal in trend may trigger more sell-offs, amplifying the downward momentum. Therefore, Cardano’s price is in a critical phase, with any further bearish developments likely causing a deeper correction.

On the macro level, the Mean Coin Age (MCA) shows signs of an uptick, indicating that long-term holders (LTHs) are holding steady instead of selling. This behavior is crucial for stabilizing Cardano’s price, as LTHs typically resist selling in the face of short-term volatility. Their commitment to holding ADA strengthens the support levels, which could cushion the impact of the bearish trends from the broader market.

The resilience of LTHs provides an important counterbalance to the negative signals emerging from technical indicators. As long as LTHs maintain their positions, it’s possible that Cardano can withstand some of the bearish pressure and limit the downside risk.

ADA Price Could Bounce Back

Cardano’s current price is at $0.67, holding above the crucial support of $0.66. If the price fails to maintain this support, ADA could experience a further drop, possibly testing the $0.60 level. The loss of this key support could pave the way for additional losses, extending the ongoing downtrend.

The potential formation of the Death Cross would likely exacerbate the situation, bringing ADA to a month-and-a-half low. In such a scenario, the pressure on Cardano could intensify, making a recovery more difficult. Should the technical indicators align with broader market conditions, the risk of further declines increases significantly.

Cardano Price Analysis. Source: TradingView

On the other hand, if Cardano price can hold above $0.66 and bounce back, a rise above $0.69 is possible. A successful breach of this level would position ADA for a push toward $0.74, potentially invalidating the bearish thesis. LTHs’ support and a reversal in the broader market could fuel this recovery.

The post Cardano Golden Cross Ends In Under A Month; Price Drop Ahead appeared first on BeInCrypto.

Crypto News Today: Mastercard Launches All-in-One Solution for Stablecoin Payments

The post Crypto News Today: Mastercard Launches All-in-One Solution for Stablecoin Payments appeared first on Coinpedia Fintech News

Mastercard is bringing stablecoins to the mainstream, making it easy to use them for payments at millions of merchants. With new partnerships with OKX and Nuvei, stablecoins will soon work just like regular money, creating a seamless experience for everyone.

In a press release on Monday, the company notes that its new partnerships will create a complete system where consumers can spend stablecoins and merchants can accept them.

Mastercard Partners with OKX, MetaMask, and Others

Through partnerships with platforms like MetaMask, Kraken, and OKX, consumers can earn rewards, pay, and spend stablecoins at over 150 million merchants worldwide using traditional cards.

Mastercard is collaborating with OKX to launch the OKX Card, offering seamless access to funds. It has teamed up with Nuvei and Circle to enable stablecoin payments like Circle’s USDC, ensuring smooth transactions regardless of how a consumer chooses to pay. It also works closely with Paxos to enable this functionality across Paxos-issued stablecoins.

Trusted Usernames and Real-Time Transactions

Mastercard said that while stablecoins are fast and cost-effective, current user experiences lack verification and transparency. Their Crypto Credential solves this by allowing users to send and receive digital assets with trusted usernames. Partners like Wirex, Bit2Me, and Mercado Bitcoin are already part of the Mastercard Crypto Credential ecosystem.

Furthermore, Mastercard’s Multi-Token Network (MTN) enables real-time payments across markets and currencies. Partners like Ondo Finance use tokenized assets, while banks like JPMorgan Chase and Standard Chartered are already connected to MTN, unlocking new digital asset opportunities.

“When it comes to blockchain and digital assets, the benefits for mainstream use cases are clear,” said Jorn Lambert, chief product officer at Mastercard. “To realize its potential, we need to make it as easy for merchants to receive stablecoin payments and for consumers to use them,” he added.

Mastercard has previously partnered with crypto exchanges like Kraken, Binance, and Crypto.com to allow users to pay with stablecoins via traditional cards.

The post Crypto News Today: Mastercard Launches All-in-One Solution for Stablecoin Payments appeared first on Coinpedia Fintech News
Mastercard is bringing stablecoins to the mainstream, making it easy to use them for payments at millions of merchants. With new partnerships with OKX and Nuvei, stablecoins will soon work just like regular money, creating a seamless experience for everyone. In a press release on Monday, the company notes that its new partnerships will create …

ETH Rivals to Buy as Standard Chartered Slashes Ethereum Price Target From $10K to $4K