The crypto market is once again in the spotlight with a weekend rally that caught many by surprise. Ethereum took the lead, breaking above $3,800 for the first time since December 2024. This surge helped push the overall crypto market close to the $4 trillion mark. According to analysts, much of this momentum can be linked to the recent passing of the Genius Act. The bill added fresh regulatory clarity and spurred institutional interest.
At the same time, other tokens like XRP, ADA, and Solana joined the rally, each posting impressive gains. Ethereum, however, remains the main driver. With over $500 million in short positions under pressure, a short squeeze is likely fueling the current spike. Combined with growing Ethereum ETF inflows, market sentiment appears to be entering bullish territory. But despite the gains, low trading volumes suggest some traders are still cautious.
Ethereum Rockets Toward $10,000 as Final Wave Begins
Ethereum is not just rising—it’s accelerating into what some experts call the final wave of its multi-year bull run. Dutch analyst Gert Van Lagen believes ETH is in the fifth and final wave of an Elliott wave cycle that began back in 2019. If this theory plays out, Ethereum could surge to $10,000 before this cycle ends. So far, the charts are lining up with his prediction.
ETH has gained over 45% this month alone. It’s now sitting above $3,800 with a market cap near $450 billion. This massive rise also coincides with a broader altcoin rebound, signaling that Ethereum may be the market’s early mover. According to Gert, Ethereum is currently forming a smaller “subwave b” and preparing for the final blast-off “subwave c.” That’s the part that could send prices soaring to five-digit territory.
For long-term holders, this wave structure offers a clear path forward. If Ethereum breaks higher again, it could drag the entire altcoin space along with it. And with ETFs pouring in money at record levels, the support looks stronger than ever.
Crypto Market Eyes Bitcoin Breakout As Saylor Signals Buy
While Ethereum steals headlines, Bitcoin is quietly building pressure. BTC is hovering near $118,500, stuck under a resistance line that many traders expect to break soon. According to analyst Marcus Corvinus, Bitcoin is forming a triangle pattern that usually signals a big move. If Bitcoin breaks out, the next target is a bold $125,000.
Michael Saylor, one of the loudest Bitcoin bulls, has also triggered fresh interest. His company reportedly signaled another strategic buy, adding fuel to Bitcoin’s slow burn. That move, even with Bitcoin gaining only 0.5% during the recent pump, shows that whales are still in the game.
As altcoins rally, Bitcoin’s dominance is slipping. However, if BTC clears its resistance and climbs toward a new high, the crypto market could enter another explosive phase. Investors are watching closely, and the next few days may set the tone for the rest of the summer.
Crypto Market Fueled by Institutions and Fed Speculation
Beyond technical patterns, the broader crypto market is riding a wave of institutional optimism. Ethereum ETFs are breaking inflow records, with over $717 million entering in just one day. Bitcoin ETFs are seeing smaller gains but still point to rising trust from big players. The Genius Act, signed recently by U.S. lawmakers, is another key factor.
By offering clear guidelines and pushing back on CBDC surveillance fears, the Genius Act has won support across the crypto space. Investors view it as a green light for innovation and a shield against overreach. On top of that, speculation of interest rate cuts by the Federal Reserve is helping boost risk assets like crypto.
Traders now expect at least two Fed cuts by the end of 2025. This shift in policy expectations supports bullish sentiment in both Ethereum and Bitcoin. And with more capital flowing into crypto treasuries and funds, the market has solid footing for further growth.
Altcoins Follow Ethereum’s Lead as Crypto Market Heats Up
While Ethereum and Bitcoin dominate the headlines, the rest of the crypto market isn’t sleeping. Coins like ADA, XRP, and DOGE are rising fast, catching up to Ethereum’s momentum. XRP recently hit a new all-time high, and ETF buzz is pushing it even higher. Cardano and Dogecoin also gained over 5%, showing broad excitement across altcoins.
Still, Ethereum remains the trend-setter. Its recent push has created room for other tokens to move. Analysts note that many altcoins are still down 50–80% from their 2024 highs. That means the current run could just be the start of something much bigger. As Bitcoin waits to break resistance and Ethereum leads the charge, altcoins may soon follow with explosive gains.
In short, the crypto market is heating up—fast. With institutional money, bullish charts, and strong political support from the Genius Act, the next move could be historic. Keep an eye on Ethereum, Bitcoin, and Michael Saylor’s next move. The summer isn’t over yet, and the rally may just be getting started.
