"Altcoin Rally: Ethereum, Onyxcoin, PORTAL Eye Key Upgrades

March has kicked off on a positive note, with several altcoins experiencing key upgrades that could fuel the ongoing rally and help investors recover from recent losses. BeInCrypto has identified three altcoins to watch in the coming days, analyzing their potential price direction and market impact.

Ethereum (ETH) surged 13% on Monday but retraced slightly, now trading at $2,349. Despite the pullback, ETH successfully crossed the downtrend support line, reinforcing its bullish structure. Holding above this level is crucial to sustain upward momentum. The upcoming Pectra upgrade, set for March 5, aims to enhance network scalability by reducing consensus overhead and improving Layer 2 efficiency. This development could drive renewed investor interest, pushing ETH toward $2,654. A breakout above this level would recover a portion of the recent 21% decline, strengthening Ethereum’s market position. However, failure to hold $2,344 as support could reverse recent gains. A drop below this threshold may send ETH toward $2,170, invalidating the bullish outlook and signaling increased selling pressure.

Onyxcoin (XCN) is set for a significant upgrade today, with the Onyxcoin Goliath Mainnet launch on March 3. This highly anticipated event could act as a catalyst for a price increase. Network upgrades often attract investor interest, and this development may strengthen bullish sentiment, driving further momentum for the altcoin. XCN has surged 32% in three days and is now trading at $0.0188. It successfully broke a month-long downtrend and is attempting to establish $0.0182 as support. Holding this level could pave the way for a push toward $0.0237, signaling a stronger recovery and reinforcing a bullish structure for the asset. However, failure to secure $0.0182 could reverse recent gains. A drop below this level may send XCN back to $0.0150, re-entering its previous downtrend and invalidating the bullish outlook.

Another altcoin to watch this week is PORTAL, which has remained in consolidation below $0.151 for the past month and is currently trading at $0.131. The upcoming Portal Bridge upgrade, scheduled for March 4,