Ethereum is fueling interest in the crypto market as it crosses major price milestones. It signals renewed strength, as it also affects other coins. Some of these coins are among the best buys for investors willing to make the move now as the Ethereum price reclaims $2,400.
Ethereum Price Surge and Market Context
The Ethereum price broke above $2,400 on May 9, 2025, seeing over 20% gains in 24 hours. This marks a strong breakout after weeks of consolidation near $1,850, signaling renewed buying interest and momentum in the market.
Ethereum’s technical indicators have something optimistic to say. The RSI at 77.8 signals a neutral to bullish sentiment—the MACD at 47.52 signals a buy. The summary of all technical indicators signals a “strong buy,” as 15 indicators signal a buy, while just 2 signal a sell. The remaining 8 signal a neutral sentiment.
Ethereum’s bullish candle on the daily timeframe, which sent it past $2,200 yesterday, is the biggest daily candle seen since the spot ETF approval. This indicates that, contrary to some beliefs, Ethereum still has promising days ahead.
This price action is supported by broader market trends. The Bitcoin price recently crossed $100,000, lifting overall crypto sentiment. The Pectra upgrade has recently drawn many new investors keen to engage with innovative projects. This upgrade made Ethereum deflationary, burning 38,000 ETH.
On-Chain Activity Influencing ETH
The on-chain activity of Ethereum supports this price rally. President Trump’s World Liberty Finance just bought $3,500 worth of Ethereum. President Trump is a notable figure in the crypto space, and his purchase may have triggered some more purchases. This shows that the entire crypto community is watching Ethereum and expecting future gains.
However, some whales tried betting against Ethereum’s recent rally. Ethereum is reportedly “squeezing all the bears,” as a bear lost approximately $4.77 million in less than 8 hours after shorting Ethereum. Abraxas Capital also withdrew about $116 million worth of Ethereum from exchanges in just 2 days.
READ MORE: Best Crypto to Buy now as Bitcoin (BTC) Nears $100,000
On-chain metrics also reveal an increase in ETH locked in staking and DeFi contracts. A steady rise in wallet activity and ETH accumulation suggests strong demand from long-term holders. Based on comparative analysis, Ethereum seems to be considered “undervalued. ” Many traders see this as a great accumulation opportunity. These factors create a bullish fundamental backdrop for Ethereum, supporting its price momentum.
Trading Insights and Future Outlook
Ethereum cleared a key supply barrier before reaching the $2,400 price. This barrier at $2,380 was seen as a level that would “ignite a new bull rally,” according to crypto analyst Ali. Having cleared many doubts, it is safe to say that the Ethereum price could be on its way to a new rally.
The crypto market is not without its challenges, as Ethereum still encounters obstacles moving forward. ETH is testing a key descending trend line. Breaking this level may pave the way for Ethereum to reach $3,000 in a few days.
Ash Crypto on X showed his resilient hope in Ethereum. He kept believing in ETH when the price sank to $1,400. He said, “I 100% believe ETH will hit $10,000 in the next 8-12 months.” This highlights how fast things change in the crypto space.
Looking ahead, some traders have reasons to believe that Ethereum getting to $80,000 isn’t as far as it seems. The recent Pectra upgrade, coupled with stablecoins on ETH at an all-time high, is considered a major reason for this. Trump’s biggest holding, ETH, is also cited as a possible influence.
A rise in the price of major crypto assets like Bitcoin and Ethereum typically signals a rally for other coins. Some coins appear to benefit more from these signals, thus attracting investors.
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Top Crypto to Buy as Ethereum Triggers Renewed Interest
Ethereum’s break above $2,400 has triggered renewed interest in altcoins and meme coins with growth prospects. With Bitcoin crossing above $100,000 and Ethereum’s Pectra upgrade generating optimism, some coins are gaining attention as potential leading buys. Early buyers of these tokens are likely to gain from the unfolding rally.
Bitcoin Pepe (BPEP)
Bitcoin Pepe, the first meme coin created on Bitcoin’s blockchain, combines Bitcoin’s security with Solana-like speed. Through early May 2025, BPEP presale already passed the mark of more than $8 million. BPEP costs $0.031, giving early investors 32 tokens for every 1 USDT, with higher future prices.
The project plans to launch a layer 2 network to unlock Bitcoin’s enormous liquidity for meme coin trading. It replicates Bitcoin’s scarcity model with a maximum supply of 2.1 billion tokens. BPEP is poised to target retail and institutional investors, with tokenomics benefiting community rewards and staking. Future DEX and CEX listings will further enhance liquidity and pricing momentum.
CartelFi (CARTFI)
CartelFi (CARTFI) is revolutionizing meme coins by turning them into income-generating tokens. Trading at approximately $0.045, its single-asset staking model delivers yields of up to 1000% APY, allowing holders of popular meme coins like PEPE and DOGE to gain rewards. Its presale has already raised over $1.7 million, with high early investor demand.
With a total supply of 1 billion tokens, CartelFi’s deflationary model employs platform fees to purchase tokens from the market. Half are burnt, which cuts down supply and props up prices.
PepeX (PEPX)
PepeX is an AI-driven meme coin presale trading at $0.0255 in its current presale. With over $2.1 million in funds raised, PepeX takes a new route emphasizing fairness and transparency. It aims to mitigate pump-and-dump risks typical of meme coins. Its presale, which lasts for 90 days, has 30 stages, with each stage seeing a 5% increase in price.
PepeX’s platform automates token branding, marketing, and community building, ensuring smoother and more secure launches. It guarantees fairness with anti-sniping measures and limited founder allocations. Investors are looking at a possible moonshot, with supporters who buy early realizing as much as a 311% gain if the token hits the projected launch cost of $0.085.
