Ethereum is trading at a critical level after a strong rally pushing prices above $3,650. This surge has made ETH one of the best-performing cryptocurrencies in the current market cycle, igniting optimism among investors and analysts. With the prevailing uptrend, many believe that growth in altcoins is a sign that the long-awaited altcoin season has finally begun.
Additionally, Ethereum has now made it to the list of the top 30 global assets by market capitalization, reaching a market cap of $416.17 billion. This achievement not only reflects the price increase but also indicates a wave of recognition and widespread adoption globally. Institutional demand is rising, spot ETF inflows are surging, and technical indicators remain robust in the bullish territory.
As Bitcoin consolidates after reaching a new all-time high, Ethereum's relative strength is drawing attention. The coming days will be crucial to confirm whether ETH can maintain this growth momentum and reach new heights or if it will face resistance at this psychological level. Currently, market sentiment remains optimistic, and Ethereum's position among the world's top assets indicates a maturing digital economy with ETH at its center.
Global Adoption Increase for Ethereum
Ethereum has officially become the 26th most valuable asset globally by market capitalization, according to data shared by leading analyst Ted Pillows. With a market cap of over $416 billion, Ethereum is now among the giants of the world’s finance - an impressive milestone, highlighting the growing legitimacy and investor interest in this asset. Pillows added that this position could mark the beginning of the Ethereum FOMO (Fear of Missing Out) phenomenon, as both retail and institutional investors react to the growth momentum and market structure.
This surge in valuation comes right after a significant legislative breakthrough. The U.S. House of Representatives passed three important cryptocurrency bills yesterday, including the GENIUS Act and the Clarity Act. These laws aim to provide much-needed regulatory transparency for the cryptocurrency sector, further bolstering investor confidence. The passage of these bills is seen as a turning point in U.S. cryptocurrency policy, paving the way for broader adoption and innovation within institutions.
Meanwhile, institutions are ramping up their accumulation of ETH. On-chain data shows a steady influx of capital into Ethereum spot ETFs, while a significant premium on Coinbase indicates strong demand from whale investors in the United States. Combined with a bullish price structure and improved macro conditions, Ethereum seems to be entering a phase of expansion, not only in price but also in usage and network adoption.
ETH Soars to New Heights After Breaking Major Resistance
Ethereum continues its upward momentum, currently trading at $3,619 after a strong breakout above the important resistance level of $2,852. The chart shows a notable shift in momentum, with ETH rising over 25% in the past week, supported by strong trading volume and a bullish structure. This is the highest price since the beginning of 2024, occurring as Ethereum surpasses all key moving averages on the 3-day chart - SMA 50, 100, and 200.
The 200-day SMA at $2,815 has served as a long-term ceiling throughout the past year with consolidation and corrections. Now, with prices regaining strength, the previous resistance may turn into strong support in the short term. Recent price action is also similar to the breakout pattern seen before the last major bull run of ETH towards its all-time highs.
Trading volume has increased significantly, further reinforcing the breakout and indicating that institutional participation may be on the rise again, especially as Ethereum spot ETFs continue to record record inflows. If ETH holds above the $3,400–$3,500 range in the coming days, the next upward momentum could target the psychological level of $4,000.
