3 Hot Ethereum Alternatives That Are Stealing the Spotlight Right Now!

Jakarta, Pintu News – The price of Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply- has experienced a sharp decline this year, and there are indications that this downtrend may continue.

Analysts from Standard Chartered have cut their ETH price target by 60%, to $4,000, while a bearish pennant pattern suggests the possibility of further declines.

Therefore, this article discusses some of the ETH alternative cryptos that many crypto traders are now paying attention to.

Cardano (ADA): ETH’s Main Rival with Big Upside Potential

Cardano ADA->Current ADA PriceRp 0Market Cap-Trading Volume-Circulating Supply- is one of the best alternatives to Ethereum, although its price is still 45% below the 2024 high and 77% below the all-time record (ATH).

However, ADA has two factors that could potentially drive upside in the near future, namely the approval of the ADA ETF and the upcoming BitcoinOS integration.

Read also: Ethereum Price Edges Higher Today (3/19/25) – Is This the Start of a Major Bull Run?

From a technical perspective, Cardano is showing a bullish trend. The weekly chart indicates that ADA is currently in the second phase of the Elliot Wave pattern, which consists of five alternating waves.

The second wave is usually bearish, but is followed by a bullish and longest third wave.

If the price of ADA returns to last year’s high of $1,325, it would be an 87% increase from the current price. Meanwhile, if it reaches the 50% retracement point at $1.7, the surge could be as high as 140%.

Berachain (BERA): Fast-Growing Crypto in DeFi

Berachain (BERA) is becoming one of the attractive options amid the possibility of a further decline in the price of Ethereum. The main attraction of BERA is that more and more developers are starting to use its ecosystem.

Currently, Berachain has attracted 45 developers in the DeFi (Decentralized Finance) sector, with its total locked value (TVL) reaching $3 billion and its stablecoin market capitalization increasing to $1.53 billion.

Compared to Ethereum, Berachain has performed better in the DeFi sector. The latest data shows that in the past 30 days, Ethereum lost more than 18% TVL, down to $47 billion.

However, the biggest challenge for Berachain is the token unlock schedule that lasts until 2028, which could potentially increase selling pressure in the future.

Binance Coin (BNB): A Strong Alternative with Solid Fundamentals & Technicals

Binance Coin BNB->Current BNB PriceRp 0Market Cap-Trading Volume-Circulating Supply- has also become a strong rival to Ethereum amid the decline in ETH price. Fundamentally, BSC Chain has proven itself to be the best alternative to Ethereum and Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

Read also: MUBARAK Meme Coin Skyrockets! BNB Chain Surpasses Solana—Is $720 Next for BNB?

Ethereum is famous for its high transaction fees and slow speed. Meanwhile, Solana, although fast, is still facing reputation issues due to the flood of meme coins in its ecosystem.

Technically, BNB prices have formed a “cup and handle” pattern on the weekly chart. This pattern indicates significant upside potential, with a possible rebound to above $1,000 in the long term.

All in all, it’s possible that Ethereum’s price will plummet below $1,500 in the near future. If this happens, investing in ETH’s main rivals such as Binance Coin (BNB), Cardano (ADA), and Berachain (BERA) could be a sensible strategy.

In addition, some other quality alternatives worth keeping an eye on are Aptos APT->Current APT PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Mantra (OM), and Sonic. These cryptos offer innovative technology and a growing ecosystem, making them potential competitors to Ethereum in the blockchain market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. ETH Rivals to Buy as Standard Chartered Slashes Ethereum Price Target From $10K to $4K. Accessed on March 19, 2025