Turn Uptober into $1M with These 5 Ethereum Tokens

As Ethereum's price is set to recover from recent market retracements, emerging tokens like SHIB, UNI, Pepe, IMX, and WLD could fuel a sustained rally.

Crypto market overview: Bitcoin price enjoyed a strong rebound from the $60,000 zone last week. Currently, BTC price shows a promising uptrend as it approaches the $67,000 resistance level.

Meanwhile, ETH price took the lead in the altcoin market, fueled by the debut of a spot Exchange Traded Fund (ETF) in Australia. As a result, several Ethereum tokens are positioned for substantial gains.

With Uptober underway, let’s examine five Ethereum tokens that could help investors reach the $1 million mark.

Shiba Inu (SHIB) price enjoyed a 15% upswing from the $0.000016 support line. Currently, the asset trades at $0.000018, showing a 13.5% distance before buyers provide the decisive breakout from neckline resistance.

Shiba Inu price prediction shows a breakout from the pattern and a rally toward the overhead resistance at $0.000024. A daily candle closing above this level will open the path for SHIB price to rally toward the 78.6% Fib level at $0.000028.

Uniswap (UNI) price recovered from the 200-day EMA (Exponential Moving Average) and formed a higher low at $6.04. Currently, UNI price shows a promising uptrend within an ascending trendline.

Moreover, the UNI supply on exchange has steadily dropped from the April top of 82.6 Million to 77.8 Million coins, showing a five.8% loss. This decrease in available supply on exchange reduces the risk of market selling pressure and eventually helps to maintain a steady uptrend.

Pepe Coin (PEPE) price showed a notable upswing from $0.00000833 to $0.0000105 in the last two weeks, accounting for a 21.85% surge.

The reversal displayed the buyer’s sustainability above the 200-day EMA, suggesting buyers hold the upper hand to drive this asset.

Furthermore, Santiment data reveals that wallets holding between 10 million and 100 million PEPE have significantly increased their holdings from 3.27 trillion to 3.72 trillion coins over the past five months.

This accumulation by large holders suggests growing confidence in PEPE price long-term potential and may indicate that institutional or whale investors are positioning themselves for a potential price surge.

Immutable X (IMX) price shows a steady recovery resonating within two converging trendlines of wedge patterns.

A recent reversal from the pattern’s lower trendline has updated the asset from $1.36 to $1.56, registering a 14.3% increase.

While the chart setup typically recuperates the bearish momentum for the next breakdown, the buyers could invalidate the thesis if they challenge the overhead trendline. The IMX price is 25% away from踽surpassing the upper resistance trendline and drives a sustained recovery trend.

Worldcoin (WLD) daily chart shows a smooth transaction from downtrend to sideways, utilizing the $1.27 floor.

The bottom support has boosted the price by 77% to trade at $2.27 and shows a well-known reversal pattern called rounding bottom.

Under the pattern’s influence, the WLD price gave a decisive breakout from the $2.17 resistance yesterday, providing buyers with sufficient support to drive a higher rally.

Additionally, the 24-hour active addresses on the Worldcoin network surged to 795, signaling increased network activity and engagement.

The chart pattern backed by on-chain activity showed drive a sustained rally for the WLD coin

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