Top 3 Altcoins Set for 10x Surge with Today's Ethereum ETF Launch

The SEC has approved the Ethereum ETF applications, allowing them to begin trading on July 23, 2024.

This milestone is expected to boost the adoption of Ethereum and increase demand for $ETH.

While the ETH price is likely to rise with the ETF launch, the extent of the bull run will depend on net flows.

A positive net flow could drive the ETH price close to $5,000 within the week.

During this anticipated bull run, savvy investors are expected to diversify into altcoins offering higher returns.

Here are the top three altcoins poised for a 10x rally with today's Ethereum ETF launch:

1. Mantle (MNT): The MNT price has rebounded from $0.625, breaking out of a falling channel.

This bullish recovery, which has gained 40%, has surpassed the 200-day and 50-day EMAs. With the support of the Ethereum ETF, MNT is heading towards the $1 mark and could reach $2.75, potentially achieving a 10x rally in 2024.

2. Ondo (ONDO): ONDO's price action shows a breakout rally, with a potential to surpass the $1.40 peak and reach $1.50.

According to trend-based Fibonacci levels, ONDO might hit $5.75, driven by the broader market recovery.

3. AEVO (AEVO): Despite facing resistance from multiple bearish elements, including the 50-day EMA and the 50% Fibonacci level at $0.60, AEVO has shown a 66% recovery rally.

A continued breakout could lead to a 10x surge, reaching the 2.618 Fibonacci level at $6.30.

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