Ethereum breaks through $4,300, igniting the alts season, with ENA, LDO, and PENDLE leading the pump.

As Ethereum (ETH) broke through $4,300 on Monday, the sentiment in the crypto assets market continues to heat up, and the altcoin season is expected to fully unfold. Ethena (ENA), Lido DAO (LDO), and Pendle (PENDLE) have emerged as the top three tokens with the best performance in the last 24 hours, recording significant pump and signaling further upward momentum.

Ethena (ENA) six consecutive pumps, aiming for 1 dollar

(Source: Trading View)

Ethena has risen for the sixth consecutive day, increasing by 6% on Monday, reaching a new six-month high, with a target aimed directly at the psychological level of 1.0000 USD.

Technical indicators show that the 100-day and 200-day Exponential Moving Averages (EMA) are likely to form a golden cross, strengthening bullish signals. The RSI indicator has reached 76, indicating that buying pressure has entered the overbought zone; the MACD line has crossed above the signal line with increasing green histogram bars, reflecting the continued strengthening of bullish momentum.

If it falls below 0.7982 USD, it may retest the support level of 0.6576 USD.

Lido DAO (LDO) hits a new five-month high, golden cross imminent

(Source: Trading View)

Lido DAO surged over 6% on Monday, breaking through $1.50 and reaching a five-month high. The RSI indicator reached 77, with the MACD moving up alongside the signal line, indicating a strong bullish trend.

As the 50-day and 200-day EMA approach a golden cross, the technical buy signal is further strengthened. If the uptrend continues, the bullish target will point to $1.858, an increase of about 20% from the current price. If it breaks below $1.403, it may retest the support level at $1.179.

Pendle (PENDLE) strong rebound, target 6.30 USD

(Source: Trading View)

Pendle surged over 9% on Monday, successfully recovering from the previous day’s decline, and is expected to stabilize around the $6.00 mark. The technical indicators show that the RSI is at 72, indicating there is still room for further gains; the MACD and signal line are moving upward together, suggesting that bullish momentum continues.

If the bullish momentum continues, the target will be aimed at $6.30; if it fails to maintain the gains, the price may drop back to the psychological support level of $5.00.

ETH pump drives altcoin season

After ETH broke through 4,300 USD, its pump has caught up with Bitcoin BTC and injected strong momentum into the alts market. The market generally believes that if ETH can maintain its high position, it will drive more funds into the altcoin sector, promoting a new round of capital rotation.

Conclusion

Ethereum’s breakthrough not only ignited market sentiment but also brought significant pumps and technical advantages to altcoins such as ENA, LDO, and PENDLE. As the signs of altcoin season become increasingly evident, investors need to pay attention to the performance of key resistance and support levels to seize potential upward opportunities and manage risks.