#tradingupdate Altcoin Explosion: Market Cap Smashes Through $1.4 Trillion Barrier!
As crypto market momentum resumes, altcoins are showing optimistic signs. Ethereum is leading the charge, rising beyond $3,450, its highest price since mid-January. Bulls are confident and altcoin interest is rising after the breakthrough.
From April lows, several cryptocurrencies have rallied in recent days. Increasing volume and market structure are helping mid- and small-cap coins rebound alongside ETH and SOL.
Top analyst On-Chain Mind says altcoins are gaining momentum and the technological environment is shifting in their favor. He noted in a recent X chart that the altcoin market has again broken above its 200-day moving average
On-Chain Mind warned that this has happened numerous times in market cycle, frequently followed by weeks of sideways chop and volatility not quick rise. But this time may be different. Ethereum is trading over $3,400, its highest level since mid-January, while Bitcoin is stabilizing above key support zones, favoring a bigger altcoin breakthrough.
After months or years of consolidation, several cryptocurrencies' price structures have turned bullish, making this time crucial. Higher lows and clean breakouts on higher timeframes in DeFi, Layer 1s, and infrastructure tokens indicate increased demand and capital rotation.
Over $1.4 Trillion in Altcoin Market Cap
The Total Crypto Market Cap minus Bitcoin (TOTAL2) rose 9.68% weekly to $1.42 trillion, its highest level since March 2025. This strong advance validates a breakthrough over the 50-week, 100-week, and 200-week moving averages, indicating altcoin market strength.
Technical milestones include the bullish 50-week SMA crossing above the 100-week SMA. The 200-week SMA, presently at $880 billion, has supported prior declines and the current upswing.
Ethereum's burst over $3,450 was driven by retail activity and positive optimism. Next barrier is $1.6 trillion, last touched earlier this year, if TOTAL2 remains above $1.4 trillion.