Ethereum price staged a strong comeback on Thursday and surged to over $2,230 for the first time since March 3 this year. It has surged by over 60% from its lowest level this year, and technicals point to more gains, potentially to $3,000. This article identifies the top Ethereum crypto coins to buy if ETH price hits $3K.

Best Ethereum crypto coins to buy if ETH price surged

The daily chart shows that the ETH price bottomed at $1,388 in April and has bounced back in the past few weeks. It formed an inverse head and shoulders pattern and moved above the 50-day and 100-day Exponential Moving Averages (EMA). Most oscillators have pointed upwards. 

Ethereum price has surged above the key resistance at $2,112, the lowest level since August 5 last year. Moving above this level is notable since it was the neckline of the giant double-top pattern at $4,095. 

Therefore, there is a possibility that the coin will initially drop and retest the support at $2,112, and then resume the uptrend, potentially to $3,000. If this happens, many Ethereum crypto coins will do well, with the most notable being meme coins like Pepe and Shiba Inu, and utility tokens like Uniswap and AAVE. 

AAVE (AAVE)

AAVE is one of the best Ethereum crypto coins to buy if the ETH surge intensifies. It has grown to become the best player in the decentralized finance (DeFi) with over $22 billion in assets. 

AAVE has also survived major events, proving that its business model works. It survived the COVID-19 pandemic, the collapse of top crypto companies like FTX, Celsius, and Voyager Digital.

Most recently, it survived a major crypto crash that happened earlier this year, at one point handling over $600 million in liquidations. Therefore, there is a likelihood that the AAVE price will continue doing well.

Uniswap (UNI)

Uniswap is one of the best Ethereum coins to buy. It has grown to become the best decentralized exchange (DEX) in the world in terms of volume. This growth is mostly because, in addition to Ethereum, it runs on chains like Avalanche, Base, Celo, and Sonic. 

Uniswap has another catalyst: it recently launched its layer-2 network known as Unichain, which is gaining market share. Data shows that Unichain handled $2.3 billion in volume in the last seven days and $5.8 billion in the last 30 days. It has flipped many other chains like Cardano, Avalanche, Sonic, Algorand, and Near Protocol. Therefore, Unichain’s growth will help to supercharge the UNI price.

Shiba Inu (SHIB)

Shiba Inu is another top Ethereum crypto coin to buy and hold as the ETH price surges. It is the biggest meme coin in the crypto industry with a market cap of over $8 billion and over 1.5 million holders.

Shiba Inu is a good coin to buy because it has built some utility for the coin. The developers launched Shibarium, a layer-2 network that has already transacted over 1.2 billion transactions since its launch. It also accumulated over 200 million accounts. Shiba Inu is also highly deflationary because of its daily token burns. 

Read more: Shiba Inu coin price prediction: why the next SHIB price target is $0.000024

Pepe (PEPE)

Pepe is a good Ethereum coin to buy because of its market share in the crypto industry. It has millions of holders and has already attracted thousands of hold. Technically, Pepe price formed a double-bottom pattern and moved above the 100-day moving average, signaling that it has more upside, potentially to the all-time high of $0.00002820. 

Some of the other top Ethereum crypto coins to buy are the likes of Ether Finance, Ethena, Spark, and Lido DAO.

The post Top 4 Ethereum crypto coins to buy and hold if ETH price hits $3,000 appeared first on Invezz