{"id":231128,"date":"2024-01-17T21:23:06","date_gmt":"2024-01-17T15:53:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/best-altcoins-to-buy-january-17-eth-tia-sui-crypto-news\/"},"modified":"2024-01-17T21:23:08","modified_gmt":"2024-01-17T15:53:08","slug":"best-altcoins-to-buy-january-17-eth-tia-sui-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/best-altcoins-to-buy-january-17-eth-tia-sui-crypto-news\/","title":{"rendered":"Best Altcoins To Buy January 17: ETH, TIA, SUI – Crypto News"},"content":{"rendered":"

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\nEthereum (ETH), Celestia (TIA), and SUI reign as the best altcoins to buy while Bitcoin fluctuates between $42,000 and $43,000.\t\t\t\t<\/p>\n

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Bitcoin\u2019s performance after the\u00a0BTC ETF<\/span><\/a>\u00a0approval last week was a bummer. Most speculators anticipated a price surge above $50,000 but all they got was a sharp dip below $42,000. Although the largest crypto had climbed to $42,563 during US business hours on Wednesday, market doldrums are still in full force. For some investors, turning to the best altcoins<\/a> like Ethereum (ETH), Celestia (TIA), and SUI could fuel optimism, and bolster gains in Q1.<\/p>\n

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Ethereum Tops Best Altcoins To Buy As Duncan Upgrade Goes Live<\/h2>\n

Ethereum posted a commendable rally after the BTC ETF green light, rising to touch $2,700. It is believed investors turned to the largest smart contracts token amid expectations of an ETF in the next few months.<\/p>\n

Albeit the impressive rally,\u00a0Ethereum price<\/span><\/a>\u00a0retreated sliding below $2,500 to $2,465 before nurturing a brief uptick to $2,600 on Tuesday. Trading at $2,540 at the time of writing, Ether oscillates within the confines of a descending channel, sending signals of a potential bull flag breakout.<\/p>\n

A bearish technical structure as established by the current neural Relative Strength Index (RSI) of 50, might compel sellers to increase activity aiming for a sweep through liquidity at $2,502. This region references confluence support created by the channel\u2019s middle boundary and the 50 Exponential Moving Average (EMA) (in red).<\/p>\n

A larger breakout is anticipated due to the formation of a bull flag pattern on the four-hour chart. However, ETH could remain suppressed by the overhead pressure until the price rises above the flag\u2019s resistance.<\/p>\n

Traders would be interested in entering long positions in ETH slightly above the breakout point. Such a move would be accompanied by a sharp increase in trading volume to back the highly probable move to $2,700.<\/p>\n

The launch of the Ethereum Dencun upgrade on the Goerli testnet could keep ETH price buoyant. However, its impact might be overshadowed by the general market doldrums considering the upgrade failed to be completed within the expected time, Chinese crypto reporter Wu Blockchain said via X.<\/p>\n

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The Ethereum Dencun upgrade was launched on the Goerli testnet on Wednesday, but failed to be completed within the expected time. According to developer @parithosh_j<\/a>, the validators came back online and the chain started finalizing again, a healthy number of blobs have submitted\u2026<\/p>\n

\u2014 Wu Blockchain (@WuBlockchain) January 17, 2024<\/a><\/p>\n<\/blockquote>\n

On the bright side, QCP Capital outlined that Ethereum has the potential \u201cto continue outperforming BTC over the medium-term as the narrative rotates to potential ETH Spot ETF approvals.\u201d<\/p>\n

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QCP Capital expects ETH to continue outperforming BTC over the medium term as the narrative rotates to potential ETH Spot ETF approvals. Since the BTC spot ETF launch, BTC forwards have also fallen more than ETH forwards. BTC 1-month forward fell from a high of 32 % ann. to a low\u2026<\/p>\n

\u2014 Wu Blockchain (@WuBlockchain) January 17, 2024<\/a><\/p>\n<\/blockquote>\n

Recommended:<\/b>\u00a0Ethereum Dencun Upgrade Unleashes \u2018Proto-Danksharding\u2019 On Goerli Testnet<\/span><\/a><\/span><\/p>\n

Buying The Dip In Celestia (TIA), Here\u2019s What You Should Know<\/h2>\n

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The path of least resistance for Celestia is downward based on short-term price analysis, as seen on the four-hour chart. TIA\u2019s uptrend lost momentum under $20, significantly increasing the risk for trend reversal.<\/p>\n

Declines are bound to continue in the American session with TIA holding below the 20 EMA (blue) and struggling to hang onto support provided by the ascending trendline.<\/p>\n