The post Top Altcoins to Watch This Week appeared on BitcoinEthereumNews.com.

Bitcoin’s recent surge above the $95,000 mark has reignited bullish sentiment across the crypto market, lifting several altcoins.  The rally in BTC has reignited investor confidence, and with the first week of May underway, three altcoins stand out as potential strong performers: Ethereum (ETH), Virtuals Protocol (VIRTUAL), and Solayer (LAYER). Ethereum (ETH) Ethereum is gearing up for its long-awaited Pectra upgrade, scheduled to go live on the mainnet on May 7. This network overhaul is expected to significantly improve Ethereum’s scalability, validator mechanics, and smart contract architecture. Despite its bullish potential, the upgrade comes with risks that may affect ETH’s price. Major exchanges are expected to pause ETH deposits and withdrawals during deployment, which could trigger short-term volatility or temporary sell pressure.  Also, any technical challenges during the deployment could introduce market uncertainty and worsen market sentiment.  ETH trades at $1,808 at press time, noting a steady buildup in bullish momentum. This is reflected by its Chaikin Money Flow (CMF), which currently sits at 0.13 and is in an uptrend. A positive CMF reading like this indicates a surge in buying pressure. If this trend persists, ETH could rally to $2,072. Ethereum Price Analysis. Source: TradingView On the other hand, a dip in the coin’s demand could send its price to $1,744.   Virtuals Protocol (VIRTUAL) VIRTUAL has soared by 37% over the past week, making it the top-performing asset in the market over the last seven days. It currently trades within an ascending parallel channel, confirming the surge in buying pressure. This bullish pattern is formed when an asset’s price moves between two upward-sloping, parallel trendlines, one acting as support and the other as resistance. This pattern indicates a sustained upward trend with consistent price swings between the parallel lines. If VIRTUAL remains within the channel, it could rally above the…

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Filed under: News - @ May 5, 2025 3:24 pm