Ethereum (ETH) and Binance Coin (BNB) each have upside potential this month due to favorable market conditions and growing investor interest. Analysts point out that ongoing community updates on Ethereum should improve its scalability and efficiency while BNB continues to add utility to the Binance ecosystem.
If this development continues, Ethereum and BNB could see substantial price increases as the market turns bullish.
Standard Chartered Predicts Ethereum (ETH) High Surge
Standard Chartered recently predicted that by the 2026 US midterm elections, the global crypto market cap is likely to reach ten trillion dollars. The current market cap is nearly $2.5 trillion with an expected 4X increase. The firm also reiterated its target price for Ethereum at $10,000 by the end of 2025 to boost investor optimism amid the strong rally.
According to Standard Chartered Head of Research Geoffrey Kendrickome, factors contributing to Ethereum’s bullish outlook include Republican victories and expected regulatory clarity. He stated that a Donald Trump presidency is expected to drive crypto-friendly policies, potentially boosting the adoption of digital assets.
Additionally, Standard Chartered expects a more favorable stance from the SEC under Republican leadership, with reports suggesting that SEC Chairman Gary Gensler could step down by the end of the year.
BNB (BNB) Ready For New ATH Price
BNB is up more than 10% from its 7-day low of $594. It hit a 24-hour high of $637 as bulls struggled to break through the $600 resistance level. This level has historically been difficult, often leading to bearish reversals, and is in line with the 61.80% Fibonacci retracement.
Intraday rejection at higher prices suggests a possible bearish reversal, but the broader market recovery suggests potential for an uptrend. The MACD and signal lines are approaching a positive crossover and the 50-day, 100-day, and 200-day simple moving averages remain in a sideways trend after the golden crossover. BNB’s recent price action has had higher lows, suggesting a potential bullish breakout.
The Fibonacci retracement levels suggest that a breach of the 61.80% level could push BNB to $655 or possibly the 100% level. Achieving this could mean a new all-time high for BNB. On the downside, failure to sustain the bullish momentum could bring support levels to $564 and $526.
Traders Call Lunex Network (LNEX) An All-in-one Trading Platform
Lunex Network (LNEX) is breaking down barriers in the DeFi space with an all-in-one trading platform that provides flexibility, privacy, and speed. The platform enables the exchange of over 50,000 assets with extremely low fees and blazing fast trading speeds using smart contract technology.
Lunex Network (LNEX) is gaining great momentum. The token starts at $0.002 each and analysts predict a 1,800% increase in value by 2025. This puts Lunex Network in a position to surpass major platforms like Ethereum and BNB in the future. Traders looking for long-term profits should take note of this opportunity.
