Ethereum price has settled above $4,350 after a brief 3% correction. According to analysts, this is a healthy retracement after the rally that reached a high of $4,768. Ethereum's long-term outlook remains positive due to robust institutional adoption and the upcoming Fusaka fork.
Meanwhile, investors are paying attention to Cardano (ADA) and Chainlink (LINK) as the best altcoins to buy this week. Both coins are experiencing emerging momentum, fueled by ETF interest, a declining supply, and upcoming events. Joining this list is MAGACOIN FINANCE, an emerging project that is making waves for its robust commitment to blockchain security. Altogether, these coins emphasize where traders see potential during consolidation in the market.
Ethereum rallied to its highest point at $4,768 but ended up in a critical zone after a short-term pullback. Its current price, just close to $4,339, reveals a contained correction, not a reversal. Traders are paying close attention to Fibonacci retracement levels and upcoming network upgrades for directional insight.
Source: X
The top altcoin has settled in the 0.5 and 0.618 retracement zones between $4,294 and $4,406. These can be considered accumulation points for the longer-term buyers, with support around $4,294 and resistance around $4,406‑$4,611.
Moving averages have flattened around $4,400, forming confluence support. A rally through $4,406 with momentum could reach $4,768. However, any breaks below $4,182 may attract short‑term selling pressure.
Many factors are holding out for a bullish outlook in the coin. Ethereum futures open interest reached $60.4 billion, the highest level since midyear, reflecting renewed institutional confidence. ETF inflows have also picked up after months of low activity.
Source: Coinglass
Now, the spotlight is on the Fusaka upgrade, live on the Holesky testnet. The update includes PeerDAS, which divides data into smaller units for faster, less expensive processing. Developers claim this will enhance scalability by almost eight times. If bulls can defend the 4,294‑4,182 range, Ethereum could build strength and retest higher formations. However, a prolonged decline below $4,182 would indicate consolidation into late October.
The Ethereum Foundation has announced the Privacy Cluster, which brings together 47 researchers and cryptographers. The team will improve privacy on Ethereum's layer‑1 network.
It will collaborate with the Privacy and Scaling Explorations group to build tools to secure user data. Zero‑Knowledge systems, Confidential Transfer, and Metadata protection are the chosen research areas. Vitalik Buterin stated that strong privacy makes blockchain a fair and safe place for everyone.
Cardano price is consolidating close to strong support zones, with market optimism up based on ETF speculation and stablecoin talks. The $0.90 level is an important confirmation level.
Cardano being added to the S&P Digital Markets 50 Index is a major milestone. This activity gives ADA more exposure to traditional investors. Analysts point out that this exposure can lead to fund inflows and reinforce Cardano's price outlook in the next few weeks.
Chainlink has the potential to be stronger in the coming weeks. Major announcements are likely to happen at the SmartCon 2025 in November. Firms like Swift and JPMorgan will attend, signaling strong industry ties.
The project's Strategic LINK Reserves have soared to $9.4 million since August, indicating a high level of confidence from developers. Meanwhile, LINK's circulating supply has decreased to 263 million from 278 million, and selling pressure has eased.
Optimism is growing as the SEC considers spot altcoin ETFs. Grayscale may see its pending LINK Altcoins ETF or Bitwise's pending LINK ETF applications garner support, boosting demand for LINK tokens. Analysts consider LINK among the best altcoins to buy this week based on its institutional partnerships and low supply.
Besides Cardano and Chainlink, analysts have identified MAGACOIN FINANCE as another coin to buy this week. It stands out for its early focus on blockchain security, a theme now gaining attention across the market. While Ethereum is launching its Privacy Cluster after years of development, MAGACOIN FINANCE is addressing similar issues at the start of its journey.
Security has become a leading factor in investor decisions, especially as more retail traders seek reliable small‑cap projects. MAGACOIN FINANCE recently completed a full audit by HashEx, a respected blockchain security firm. The audit confirmed that the project’s smart contract is well‑structured, secure, and free from hidden risks.
Analysts note that such early compliance signals maturity for a new project. As Ethereum’s privacy advancements highlight the growing importance of data protection, MAGACOIN FINANCE’s proactive approach gives it an edge among new altcoins.
Analysts agree the crypto market is entering a phase where proven development and verified security define investor confidence. Ethereum continues to set the pace with its Fusaka upgrade, improving scalability and the Privacy Cluster advancing on‑chain safety. These efforts show why Ethereum remains the market’s backbone even during consolidation.
Cardano and Chainlink add further strength with institutional visibility, technical innovation, and positive on‑chain trends. At the same time, MAGACOIN FINANCE stands out for building strong security foundations at an early stage, a move that aligns with the industry’s focus on trust and reliability.
As investors rebalance portfolios, Ethereum’s ongoing work and the rising momentum in ADA, LINK, and MAGACOIN FINANCE make them the best altcoins to buy this week, combining long‑term growth with strong technical confidence.
To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com
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The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.