#Solana , #Ethereum Soar After CPI Report: #Altcoins Breakout on Fed Rate Cut Bets and Political Optimism

The cryptocurrency market is experiencing a powerful surge today, with several leading altcoins posting double-digit gains supported by strong trading volumes. Ethereum (ETH), Solana (SOL), Chainlink (LINK), SUI, and Litecoin (LTC) are among the top movers, each breaking through key resistance levels and signaling renewed bullish momentum.

While technical factors are driving much of the price action, political developments in the United States—particularly the market optimism tied to the Trump administration—are adding fuel to the rally.

Ethereum Breaks Above $4,500 as Bulls Defend Gains

Ethereum, the world’s second-largest cryptocurrency by market capitalization, jumped 7.57% in the past 24 hours to reach $4,631.10, with trading volume surging by nearly 44%.

Key Levels:

Resistance turned support: $4,500

Next upside targets: $4,670 → $4,700–$4,750 zone

Downside risk: $4,500, followed by $4,330

The decisive breakout above $4,500 has transformed that zone into a new support level. Price consolidation around $4,631 indicates that buyers are committed to defending their gains. A sustained move above $4,670 could open the door to a run toward $4,700–$4,750. On the flip side, a drop back below $4,500 would put the rally at risk, with $4,330 as the next key defense line.

The move also coincides with a broader Ethereum ecosystem push, including increased staking deposits and heightened DeFi activity on the network. Traders are eyeing whether this rally could be the start of ETH’s next attempt to retake its all-time high.

Solana Climbs Toward $200, Eyes Key Breakout

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