The crypto market is witnessing a vibrant period full of expectations, especially with the resurgence of altcoins. Ethereum, with an impressive increase of over 23%, has climbed to 3,430 dollars, marking a new breakthrough and creating strong enthusiasm for other coins. This is the main driving force behind the simultaneous growth of altcoins, opening a new season for the crypto market.
The shift of capital: Altcoins gradually surpass Bitcoin
Not only Ethereum, but also top Layer-1 cryptocurrencies like XRP and Solana are experiencing strong growth, with increases of +32% and 10% respectively over the week. This is a signal that capital is gradually shifting from Bitcoin to altcoins, a notable trend in recent weeks. Projects like Cardano, Polkadot, and Chainlink are also attracting significant interest, not only from the community but also from large institutions, thanks to clearer regulatory frameworks.
The crypto market is currently receiving strong momentum from regulatory policies in the United States. The US Congress is preparing to pass three significant bills: the Genesis Act (stablecoin regulation), the Clarity Act (cryptocurrency classification), and the bill blocking the US CBDC. Among them, the Genesis Act has been passed by the Senate and is expected to be signed soon, bringing a new wave of confidence in major cryptocurrencies like Bitcoin and Ethereum.
The Altcoin season is gradually reviving as the MVRV index of CryptoQuant shows sustainable momentum for altcoins for the first time in over a year. Capital is gradually shifting from Bitcoin to Layer-1 coins like SUI (+36%), SEI (+41%), and ETH (+23.3%). Meanwhile, interest in meme coins is sharply declining, reflecting a notable market trend shift.
Ethereum, in particular, has surpassed the 3,300 dollar mark for the first time in five months, indicating that the strength of altcoins is gradually recovering. If Bitcoin continues to consolidate at the 112,000 dollar level, this could further boost altcoins. However, Bitcoin's strong volatility may reduce the overall market liquidity.
Growth outlook for Ethereum
Ethereum's price is currently leading the recovery of altcoins, rising sharply by 9%. The breakthrough of the important resistance level of 2,800 dollars has been particularly emphasized by analyst Michaël van de Poppe, considering it a strong signal that the strength of altcoins is gradually recovering, with Ethereum leading the way.
Currently, Ethereum is just 9.7% away from breaking out of a four-year accumulation triangle pattern — a highly potential technical pattern that could trigger a strong price breakout in a parabolic manner.
Michaël van de Poppe believes that Ethereum is on track to reach the 4,000 dollar mark, asserting that any short-term correction of Ethereum will be a great opportunity for investors to enter the market, especially considering the strong fundamentals of this coin.
In addition to technical factors, another notable momentum comes from SharpLink Gaming, a public company that has just purchased 9,424.69 ETH worth about 32 million dollars. This move reflects increasing interest from institutions in Ethereum, especially compared to Bitcoin.
Additionally, a potential 'cup and handle' pattern is gradually forming on Ethereum's price chart, similar to the pattern that appeared at the end of 2023 before prices surged by 100%. If Ethereum breaks through the important resistance level of 3,100 dollars (the neckline of the pattern), crypto analyst cryptosBatman predicts prices could rise to the range of 3,800 to 4,000 dollars.
A strong supporting factor for the bullish scenario is the unusual behavior of whales. A large short position with 18x leverage is currently facing a loss of 3.5 million dollars. If Ethereum rises above 3,500 dollars, this could trigger a short squeeze, pushing the price even higher.
Moreover, attention from institutions is increasingly growing, as Ethereum gradually undermines Bitcoin's long-standing dominance in ETF funds. This interest from institutional investors could be the main driving force helping Ethereum to continue its strong growth in the near future.
Bitcoin Price Prediction: A new high will be established
Looking at Bitcoin, experts also provide fairly optimistic forecasts. Katie Stockton from Fairlead Strategies predicts that Bitcoin will peak at 135,000 dollars in the near future, based entirely on technical analysis. She points to Bitcoin's recent breakout above 108,300 dollars after a long accumulation period, further reinforcing her forecast for Q3.
Ray Wang, founder of Constellation Research, predicts that Bitcoin could reach 150,000 dollars in the next six months, thanks to strong capital flow from national investment funds and transparency in US regulations. With expected interest rate cuts and a weakening dollar, this expert believes that national policy adoption is driving increasing demand for Bitcoin.
In particular, the CEO of Bitwise, with the boldest perspective, aims for Bitcoin to reach 200,000 dollars by the end of the year. He points out that institutional momentum has only just begun, with 125 public companies holding Bitcoin, and thousands of other companies may follow suit as cryptocurrency regulations are refined.
According to Altcoin Daily, 2025 will be the 'turning point' year for the crypto market. With a strong influx of institutional capital, political barriers being broken, and the robust recovery of altcoins, the cryptocurrency market seems ready for a strong growth cycle. Whether Bitcoin peaks at 135,000 dollars or 200,000 dollars, one thing is clear: the biggest opportunities have yet to come.
The crypto market is currently in a promising phase, with altcoins like Ethereum breaking out and attracting the attention of institutional investors. Strong market movements, combined with favorable regulatory policies from the US government, are creating a solid foundation for future growth. With positive forecasts from experts, 2025 promises to be a hopeful year for all cryptocurrency investors.
