Festive Spirits in Crypto Markets: Ethereum's Record-Breaking Run Sparks Altcoin Season!
Cryptocurrency markets have been experiencing a surge in price over the past 24 hours. Leading altcoin Ethereum (#ETH ) led the market with a sudden 8.1% jump, surpassing the $3,600 mark, while major altcoins like Cardano ($ADA ), Dogecoin (#DOGE ), and XRP ($XRP ) saw double-digit gains. With Ethereum's upward momentum, the long-awaited summer altcoin season may be officially upon us!
🔥 Ethereum's Shocking 21% Gain in 1 Week! Institutional Influx Crowns ETH
Ethereum's performance over the past week has delighted investors:
Weekly rise: 21.3%
Last 24-hour jump: 8.1%
Price: $3,601
Institutional investors are the biggest driver behind this surge. SharpLink Gaming's announcement, in particular, generated significant market buzz. The company announced it would sell $6 billion in new shares and use this fund to purchase Ethereum. This aggressive move was likened by investors to MicroStrategy's past moves for Bitcoin.
Furthermore, with the passage of the GENIUS Act in the US, regulatory clarity in the crypto markets has increased, and institutional demand for Ethereum has surged again. All eyes are now on when ETH will reach its all-time high.
🚨 Altcoin Boom: ADA, DOGE, and XRP Take the Stage
The upward wave led by Ethereum is also pulling altcoins along. According to the last 24-hour data:
Cardano (#ADA ): +14.6%
XRP (XRP): +17.2%
Dogecoin (DOGE): +12.5%
XRP, in particular, has attracted renewed investor interest with this rally after gaining momentum in recent weeks. ADA's technical indicators, approaching a "golden cross" formation, signal further short-term gains. Meanwhile, DOGE, influenced by social media, has reignited the "meme coin" hype.
🧠 Experts Warn: "If Ethereum Hits ATH, Altcoins Will Soar!"
BTSE Operations Manager Jeff Mei said in a statement:
“If Ethereum maintains this momentum and reaches a new ATH, there is a very high probability of a historic altcoin season this summer. Projects with high market capitalizations, in particular, could break new records with this momentum.”
Crypto analysts, however, state that Ethereum is targeting its all-time high of $4,900. If this level is broken, altcoins could experience 100-200% increases in a short time.
🌐 What's Next? What Should Investors Do?
Based on recent market activity, it's clear that Ethereum is continuing to gain strength. However, experts emphasize that investors should act not solely out of "FOMO" (fear of missing out), but rather based on project fundamentals and technical analysis. ETH-based projects, Layer-2 solutions, and large-cap altcoins should be on the radar during this period.
✅ In summary:
Ethereum has begun its rally with institutional buying.
Altcoins have thrilled the market with double-digit gains.
If ETH reaches its ATH this summer, altcoin season could officially explode.
All eyes are now on Ethereum's move above $4,000.
📌 Stay tuned, because this summer could make crypto history!
