Ethereum News Today: Cardano Surges 38% on Wedge Breakout, Ethereum Hits $3,800 as Unilabs Finance Rivals 1,000% Gains in 2024

Cardano (ADA) has surged over 38% in the past month, breaking out of a falling wedge pattern, a technical indicator often associated with the end of a downtrend or the start of an uptrend [1]. Analysts on X, including CryptoPulse, have suggested a buy-in at $0.70 with a target of $1.50, citing strong trading volume as a potential catalyst for further gains [1]. The token is currently trading near $0.81, retesting the $0.85 support level, but faces competition from Ethereum and Unilabs Finance. Meanwhile, Ethereum (ETH) has rallied to $3,800 after breaking past the $3,000 level, a high not seen since early this year. ETH closed above $3,730 on Sunday, with projections ranging from $3,767 to $5,439, and analysts predict it could exceed $4,000 next month [1].

Unilabs Finance (UNIL) has emerged as a standout contender, with experts forecasting a potential 1,000% gain in 2024. The project has raised over $6.6 million in its presale, with the UNIL token surging 85% from its initial price to $0.0074. If current trends continue, the token could reach $0.0814 by year-end, assuming the presale price progresses to $0.0085 in the next phase [1]. Analysts attribute UNIL’s appeal to its AI-driven tools, including the AI Market Pulse for tracking price changes and the Early Access Scoring System (EASS) for evaluating new projects. Additionally, four AI-powered funds spanning Bitcoin, AI, Mining, and RWA sectors aim to diversify investment opportunities for users [1].

While Cardano and Ethereum offer established bullish momentum, Unilabs Finance’s rapid growth and innovative features position it as a high-potential candidate for 2024. ADA’s technical indicators and ETH’s price resilience support their inclusion in bullish portfolios, but UNIL’s presale performance and projected 1,000% return could outpace both. The project’s focus on real-world applications, including AI analytics and on-chain activity tracking, aligns with growing investor demand for tools to navigate market volatility.

The crypto market’s current phase highlights divergent opportunities: Cardano and Ethereum reflect traditional long-term value, while Unilabs Finance leverages AI innovation to target rapid growth. Retail investors seeking aggressive returns may prioritize UNIL, though its high-risk trajectory requires cautious evaluation. Both ADA and ETH remain viable for balanced portfolios, with ADA’s wedge breakout and ETH’s $3,800 milestone signaling sustained upward pressure.

Source: [1] [Best Crypto to Buy Now: Cardano and Ethereum to Continue Surging, but Unilabs Finance Set to Pass 1000% Gains This Year] [https://coinmarketcap.com/community/articles/68838f079e81db1a55ae4b74/]