ETH, ETC, BNB Price Analysis: Bitcoin, XRP Slowdown Boosts Rival Coins

Bitcoin (BTC) is losing its crypto market dominance after failing to touch the $100,000 milestone, paving the way for altcoins to shine. Last week, XRP (XRP) erased its six-year consolidation phase by rising over 400%. Now, traders are profit-taking, causing XRP prices to decline.

The winning capital from XRP markets is not returning to Bitcoin, though. Instead, XRP’s top rivaling altcoins have benefited the most in the last 24 hours. That includes Tron (TRX), whose prices jumped by around 50%, and Binance’s BNB (BNB), which rose 12% in the same period.

Ethereum’s native token, Ether (ETH), and Ethereum Classic (ETC) are also outperforming Bitcoin and XRP.

Ethereum (ETH) Technical Analysis

ETH/USD Four-Hour Price Chart — Bulls Eye $4,000 in December

Ethereum has risen inside an ascending parallel channel on the four-hour chart since Nov. 20.

As of Dec. 4, it pursued a run-up toward the channel’s upper boundary at around $4,000 after bouncing from the lower boundary a day ago. The $4,000 level coincides with ETH’s 2.618 Fibonacci retracement graph.

Traders must decisively break above ETH’s current resistance level at around $3,850—aligning with its 1.618 Fib line—to test the $4,000 target in December. Failing to do so will likely increase risks of decline toward the channel’s lower trendline at around $3,654, coinciding with the 0.5 Fib line.

ETH/USD Weekly Price Chart — Symmetrical Triangle Breakout Underway

On the weekly chart, ETH/USD is breaking out of its three-year-old symmetrical triangle consolidation range. Interestingly, this breakout appears similar to the one XRP markets witnessed last week out of its seven-year-old symmetrical triangle.

If the XRP scenario repeats in Ethereum’s case, the latter may eye $4,090, a level aligning with its 0.786 Fib line, as its December upside target. Meanwhile, aggressive buying could send the ETH/USD rates toward the 1.0 Fib line of around  $4,920.

Conversely, a retreat from the triangle’s upper trendline could send ETH’s price to $3,440, with $2,980 serving as the primary downside target.

Ethereum Classic (ETC) Technical Analysis

ETC/USD Four-Hour Price Chart — A Tough Consolidation Range to Break

Ethereum Classic shows signs of breaking out of its prevailing ascending parallel channel, suggesting a bullish continuation in December.

As of Dec. 4, the ETC/USD pair tested the channel’s upper trendline as support—which also aligns with the 1.618 Fib line—and rebounded toward the 2.618 Fib line of around $38.96.

A clean break above this range could set ETC on course to test the next extension targets at $43.70 and $44.82.

The ascending channel’s lower trendline, combined with the 50-EMA (Exponential Moving Average) at $32.66, serves as crucial short-term support.

ETC/USD Weekly Price Chart — Historical Inflection Point Raises Selloff Risks

On the weekly chart, ETC’s ongoing bull run has taken its price to a historical resistance level at around $39.28, which preceded 55-65% declines. This level aligns with Ethereum Classic’s 0.236 Fib line.

A decisive close above the $39.28 resistance line could send ETC/USD toward the next Fib line target at around $54.50, up about 45% from the current price levels, in December.

Conversely, a pullback risks crashing ETC/USD toward its 50-week EMA (red) at around $23.50.

BNB (BNB) Technical Analysis

BNB/USD Four-Hour Price Chart — $800 by December?

BNB/USD climbed to a new monthly high of $762.10 on Dec. 4 before retracing to $730.80, marking a 3.41% decline in the latest trading session. The surge, supported by increased trading volume, pushed BNB out of its previously established ascending channel, but the current pullback suggests profit-taking near critical resistance levels.

BNB’s rally saw the price decisively break above the key $700 psychological barrier, coinciding with the upper boundary of the ascending channel that has guided its price since November.

The move reached the 0 Fibonacci retracement level ($783.20), calculated from the swing low at $551.80 to the recent high. However, the rejection from this resistance has resulted in a retracement to the 0.236 Fib level ($728.60), now acting as immediate support.

If the 0.236 Fib fails to hold, the next key levels to watch are the 0.382 ($694.80) and 0.5 ($667.50) retracement levels, which align closely with the 50-EMA at $671.60. These levels are expected to act as strong support zones if further downside pressure emerges.

BNB/USD Weekly Price Chart — Cup-and-Handle Breakout Confirms Price Target of $2,500

BNB/USD has entered the breakout phase of a long-term cup-and-handle (C&H) pattern, a bullish continuation setup that has been forming over several years.

The “cup” represents a rounded consolidation phase that stretched across a multi-year timeframe, while the “handle” consisted of a short pullback below the neckline resistance near $650.

According to technical analysis principles, adding the cup’s depth to the neckline level determines the pattern’s breakout target. Based on this calculation, BNB could potentially aim for $2,500 by 2025, provided the bullish momentum continues amid the ongoing altseason.