If ETH Breaks Its All-Time High, These Altcoins Will Go Parabolic

Key Takeaways

Ethereum’s price (ETH) has surged by 57% since the start of July.
Chainlink (LINK), Mantle (MNT), and Shiba Inu (SHIB) are surging with it.
These three altcoins could explode if Ethereum reaches a new all-time high.

Ethereum’s rally in July has ignited bullish momentum in the altcoin market, causing the Bitcoin Dominance to drop sharply.

As Ethereum gets close to its all-time high, these three altcoins stand to benefit the most.

Let’s examine the charts and see why this is the case and what lies ahead for the rest of the year.

Altcoins Pump With Ethereum

Chainlink (orange), Mantle (blue), and Shiba Inu (red) have had remarkably similar price movements to Ethereum (black) since the start of 2023.

Their movement patterns are nearly identical, confirming the correlation between the four. The only attribute where they differ is the magnitude of the movements.

Custom Daily Chart | Credit: TradingView

Since the start of 2023, Chainlink has been the best performer with a 220% increase, followed closely by Ethereum (black) at 207%.

SHIB and MNT have performed worse, at 67% and 29%, respectively.

The three altcoins are related to Ethereum in different ways.

Try Our Recommended Crypto Exchanges

Chainlink Price Breaks Out

Chainlink was one of the first cryptos to rally at the bull market’s start in 2023.

However, the rally stalled in March 2024, and the price struggled to replicate its previous performance.

Between March 2024 and 2025, LINK fell by 60% and created an ascending parallel channel pattern.

This all changed after a bullish engulfing candlestick in June (green icon), which was the final touch of the channel’s support.

Shortly afterward, LINK broke out from a long-term resistance trend line, surging by nearly 100%.

LINK Analysis — LINK/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Today, the LINK price trades inside the $19 horizontal resistance area and the channel’s midline.

If Chainlink breaks out, it will likely increase rapidly toward the first target at $34.50.

The target is at the channel’s resistance trend line and reached the 0.618 Fibonacci level of the previous rally.

In a more bullish scenario, the LINK price could reach a high of $49.50, breaking out of the channel altogether.

Mantle Reaches Resistance

In the 180 days between Jan. 6 and July 5, the Mantle price depreciated by 60%, falling to a low of $0.56.

The trend has completely reversed in July, triggering a 50% price increase that took MNT to the $0.85 resistance area.

Before the MNT price broke out, it completed a five-wave decline (red), where wave five created a descending wedge.

Combined with the breakout, the MNT price analysis confirms the correction is over.

Mantle Move — MNT/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

The only concerns about the price movement are the parabolic increase since the wedge breakout and the overbought Relative Strength Index (RSI).

Such an increase is unsustainable in the long term, but an ETH price pump could extend the rally above $0.85.

In that case, the MNT price could validate the area as support and resume its upward trend steadily.

If that happens, Mantle could increase its cycle high to $1.40.

Shiba Inu Begins Reversal

The final altcoin that can benefit from Ethereum pumping is Shiba Inu, the largest memecoin in its ecosystem.

The SHIB price movement is similar to MNT since both broke out from long-term descending wedges.

Shiba Inu’s breakout occurred after a triple bottom pattern inside the $0.0000115 support area (green icons).

Even though the SHIB price has rallied the least since the breakout, its future forecast could be the most bullish.

SHIB Move — SHIB/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

This optimism is fueled by the massive bullish divergence (orange) in the RSI and Moving Average Convergence/Divergence (MACD).

Such divergences often precede bullish trend reversals, adding even more legitimacy to the price breakout.

In addition, the next SHIB resistance is 120% above the current price, allowing for considerable appreciation through the rest of 2025.

Best Altcoins to Buy Today

As Ethereum pushes toward a new all-time high in 2025, its three closest altcoin counterparts could follow with powerful rallies.

Their strong correlations, bullish technical analysis, and ecosystem ties to Ethereum put the altcoins in pole position for significant gains throughout 2025.

You May Also Like

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

X.com

These 3 Altcoins Will Pump if Ethereum Reaches a New All-Time High