The cryptocurrency market is recovering strongly, with Ethereum leading the price surge above $3,000, opening hopes for a new altcoin season.
This recovery is driven by expectations of interest rate cuts in the U.S. along with rare bullish patterns on Ethereum's chart, providing momentum for many other coins like Solana and Avalanche.
MAIN CONTENT
Ethereum breaks through the $3,000 threshold with positive technical signals.
Solana surpasses Ethereum in blockchain revenue in Q2 and forecasts strong price increases.
Avalanche is recovering with ecosystem development, with potential price increases from $32 to $100 this year.
What is driving the price increase of Ethereum and the entire cryptocurrency market?
Analyst Evan Aldo states that expectations of interest rate cuts in the U.S. this year, along with cooling inflation, help risk assets like cryptocurrencies recover strongly.
Ethereum records a rare bullish pattern on the monthly chart, creating sustainable confidence in this rally, differing from previous breakouts.
"Lower interest rates and positive technical signals on Ethereum are enabling the cryptocurrency market to recover strongly, opening opportunities for both Bitcoin and altcoins."
Evan Aldo, Analyst, 2024
Additionally, macroeconomic developments like softer monetary policies are closely monitored by cryptocurrency investors to predict long-term trends in the financial market.
How is Solana currently leading growth in Q2 2024?
Solana has just surpassed Ethereum and Tron in blockchain revenue in Q2, marking a breakthrough in the ecosystem and attracting new investors.
Solana's price is steadily increasing, with forecasts suggesting it could reach $188 in the coming weeks, even hitting $250–260 by mid-August and potentially $400 by year-end if the upward momentum continues.
"Solana is not only a good blockchain platform but is also showing strong revenue, making it very worth watching in 2024."
Evan Aldo, Cryptocurrency Analysis Expert, 2024
Technical improvements and scalability of Solana help it attract investment and develop DApps, thereby improving liquidity and increasing coin value.
How has Avalanche shown signs of recovery and what is its growth potential?
Avalanche has a slower recovery rate but is regaining ground with the launch of new products in the ecosystem like the decentralized exchange BlackHole DEX, enhancing user engagement.
If it maintains key support levels, AVAX could reach $32 in the short term and aim for a price range of $60 to $100 by year-end, driven by network and product development momentum.
Avalanche's growth potential relies on ecosystem development and attracting new users, along with technological enhancements improving user experience.
What investment strategy do experts recommend if starting today?
Experts recommend allocating 70% of the investment portfolio to Ethereum, which stands out in performance, along with 15% each to Solana and Avalanche to leverage the growth potential of these altcoins in 2024 and 2025.
Ethereum is expected to maintain its superior position in the coming months, while Solana and Avalanche may explode in the last quarter of 2025.
Coin Short-term price forecast Long-term price forecast Notable advantages Ethereum (ETH) Above $3,000 Steady in the coming months Strong technical patterns, vast ecosystem Solana (SOL) $188 (a few weeks) $250–260 (mid-August), potentially up to $400 by year-end High blockchain revenue, good scalability Avalanche (AVAX) $32 (short-term) $60–100 (end of year) Ecosystem development, enhancing DApp
Frequently Asked Questions
What does Ethereum breaking the $3,000 mark mean for the market?
This is a positive sign indicating strong purchasing power and a sustainable recovery of the cryptocurrency market. Technical patterns also support the next bullish phase.
Can Solana become the leading coin in the future?
With superior blockchain revenue and scaling technology, Solana has great potential to compete with leading coins in the long term.
At what level should Avalanche be invested in to reduce risk?
It is advisable to monitor key support levels and gradually increase investment ratios if technical indicators and ecosystem development remain stable.
How do U.S. interest rate cuts affect cryptocurrencies?
Interest rate cuts increase the attractiveness of risk assets, including cryptocurrencies, thereby driving capital flows into this market.
What is the optimal cryptocurrency investment allocation rate currently?
Allocating 70% of capital to Ethereum, 15% to Solana, and 15% to Avalanche helps diversify risk and seize growth opportunities.
Source: https://tintucbitcoin.com/du-bao-gia-eth-sol-avax-2025/
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