Ethereum (ETH) and Binance Coin (BNB) each possess upside potential this month due to favorable market conditions and increasing investor interest. Analysts point out that Ethereum’s ongoing community upgrades should boost its scalability and efficiency while BNB continuously adds utility to the Binance ecosystem.
If these developments continue, Ethereum and BNB could see substantial price increases as the market turns bullish.
Standard Chartered Predicts High Ethereum (ETH) Surge
Standard Chartered forecasted recently that by the 2026 U.S. midterm elections, the worldwide crypto market cap would probably reach ten trillion dollars. The present market cap is nearly $2.5 trillion with a forecast of a 4X increase. The firm also reiterated its target price for Ethereum at $10,000 by late 2025 to promote investor optimism amid a strong rally.
According to Standard Chartered’s Head of Research, Geoffrey Kendrickome, factors contributing to Ethereum’s bullish outlook include the Republican victory and the expected regulatory clarity. He stated that Donald Trump’s presidency is expected to encourage crypto-friendly policies, potentially driving digital asset adoption higher.
Additionally, Standard Chartered anticipates a more favorable stance from the SEC under Republican leadership, with reports suggesting SEC Chair, Gary Gensler, could step down by year’s end.
BNB (BNB) Is Set For A New ATH Price
BNB is up by over 10% from its 7-day low at $594. BNB touched a 24-hour high of $637 as buyers battled to clear the $600 resistance level. This level has historically been challenging, often leading to bearish reversals, and aligns with the 61.80% Fibonacci retracement.
Intraday rejections at higher prices hint at a possible bearish reversal, yet the broader market recovery suggests a potential for an upward trend. The MACD and signal lines are near a positive crossover and the 50-day, 100-day, and 200-day simple moving averages remain in a sideways trend following the golden crossover. BNB’s recent price movements have been higher lows, suggesting a bullish breakout.
Fibonacci retracement levels demonstrate a break of the 61.80% level might push BNB to $655 or perhaps the 100% level. Achieving this could mean a new all-time high for BNB. On the downside, failure to sustain bullish momentum would bring support levels into play at $564 and $526.
Traders Refer To Lunex Network (LNEX) As The All-in-one Trading Platform
Lunex Network (LNEX) is breaking down barriers in the DeFi space with its all-in-one trading platform that provides versatility, privacy, and speed. The platform allows swaps across over 50,000 assets with very low fees and very quick trade speeds utilizing smart contract technologies.
Lunex Network (LNEX) is getting excellent momentum. Tokens begin at $0.002 a piece and analysts predict a 1,800% increase in value by 2025. This places Lunex Network in a position to surpass big platforms like Ethereum and BNB in the future. Traders looking for long-term gains should take note of this opportunity.
You can find more information about Lunex Network (LNEX) here:
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