4 Cryptocurrencies to Ride Bitcoin's Surge With Even Heftier Returns

investing.com:

Bitcoin's surge to record highs has cascaded bullish momentum into the altcoin market. As institutional demand has grown individual investors have also shown greater interest in the crypto space, leading to growing fund inflows into the crypto space.

This has propelled trading volumes to $200 billion, well above the average daily range of $30 — 50 billion in a calm market.

As a result, other cryptocurrencies like Ethereum, Solana and meme coins like Dogecoin and Shiba Inu have started gaining.

Ethereum's positive momentum is relatively calmer, while Solana, has shown greater bullish strength over the weekend. Memecoins, particularly DOGE and SHIB, have taken the spotlight this week, making significant jumps.

In today's analysis, we aim to pinpoint critical levels for ETH, SOL, DOGE, and SHIB based on recent price action.

Ethereum has been on a relentless uptrend since early February, with support from the lower band of the ascending channel we've been tracking since October.

The cryptocurrency, which formed a clear daily candle at $3,000 on the last day of last week, increased its momentum after breaking the ascending channel to the upside and decisively broke the long-term resistance level of $3,315 (Fib 0.618).

This price zone had worked as resistance during its recovery efforts in the correction phase starting from the peak.

Therefore, ETH must close above $3,315 for the week on its way to the $4,000 target. If this happens, the cryptocurrency technically has no obstacles on its way toward the $3,975 level.

The only obstacle at this point is the possibility that investors may start taking profits after this week's rapid purchases.

In this case, it will become important to maintain the $ 3,315 level, which tends to