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Two major cryptocurrencies are about to break through as Ethereum approaches its all-time high.

Ethereum breaks the resistance level that has lasted for four years, increasing the chances of reaching a new all-time high.
The price of Bonk's share is holding above the 50-day exponential moving average support level, while the bulls are fighting to break through the July peak at $0.00004074.
The Pepe arrow shows signs of a bullish trend reversal supported by a buy signal from the MACD indicator.
The price of Ethereum (ETH) continues to rise towards its all-time high of $4,878, reached in November 2021, after surpassing the resistance level that turned into support at $4,000 over the weekend. While interest in the largest smart contract coin by market cap remains stable, investors may want to shift their attention to meme coins within the ecosystem, such as Bonk (BONK) and Pepe (PEPE), which are delaying their upward launch.

The bank retains major support
The price of the PUNK token, built on Ethereum, is trading at around $0.00002642 at the time of writing this report, a decrease of 35% from its peak in July at $0.00004074. Despite this decline, PUNK remains above the support level provided by the 50-day Exponential Moving Average (EMA) at $0.00002559.

The rising MFI indicator supports bullish expectations. If the uptrend continues towards the midpoint, demand for BONK may outstrip supply, providing support that drives recovery towards $0.00004074 in the medium term.

Traders should also consider the possibility of a buy signal from the MACD indicator. This signal, which encourages investors to increase their exposure, will be reflected by the blue MACD line crossing above the red signal line and stabilizing above it.

Baby provides bullish technical signals.
The price of Baby is gradually decreasing, reflecting a decline in the prevailing sentiment in the meme coin market. After a 3.5% drop on Monday, the trading price of the coin was around $0.00001169 at the time of writing this report.

The 50-day exponential moving average provides immediate support at $0.00001150, with the 100-day exponential moving average and the 200-day exponential moving average slightly lower at $0.00001126 and $0.00001120, respectively.

This could be followed by a reversal if the mentioned support range holds, which is evident from the MACD buy signal. The green histogram bars above the zero line support the bullish expectations, indicating that buyers still have a chance to push towards recovery, targeting the July peak at $0.00001470, then the next barrier at $0.00001629, which was tested in May.