Ethereum (ETH) and BRETT Begin Recovery After Altcoin Crash
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Top altcoins like Ethereum (ETH) and BRETT went down in double digits when Bitcoin crapped the bed on Aug. 5.
Though ETH and BRETT still languish in the red monthly, they posted an encouraging recovery from the dip.
Ethereum leads top altcoins recovery
After collapsing to $2.1k on Aug. 5, ETH has been recovering over the past weeks. Ethereum surged nearly 30% from the dip to hit $2.7k by mid-August.
After a slight correction, ETH  slipped into the $2.6k region.
That left ETH holders nursing a 25% monthly squash, with a meager 58% yearly ROI. A streak of negative ETH ETF outflows continued to put downward pressure on the price. Ethereum struggled to reclaim and hold above the $2.7k zone, which is important for further upside.
While ETH will always be among the top altcoins, betting on the fastest growing crypto presale could offer better returns.
BRETT loses the fastest growing crypto tag
BRETTÂ made quite a splash in June when it peaked at $0.19, becoming the top meme coin on the Base network.
Sadly, BRETT entered a bearish run, crumbling in a descending channel to a nadir of $0.059 on Aug. 5.
But BRETT has been recovering well, jotting nearly 70% from the dip to touch the $0.1 resistance on Aug. 19. A mild selloff sent BRETT back down to hover in the $0.092 region, leaving token holders nursing a more than 33% monthly squash.
If BRETT fails to break out of its descending channel, more downside could be in the offing as investors ditch meme coins to bet on top altcoins in the GambleFi sector.
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