Altcoin Season ALERT! XRP Price Rallies, Ethereum Price Eyes Major Breakout
The post Altcoin Season ALERT! XRP Price Rallies, Ethereum Price Eyes Major Breakout appeared on BitcoinEthereumNews.com. The post Altcoin Season ALERT! XRP Price Rallies, Ethereum Price Eyes Major Breakout appeared first on Coinpedia Fintech News After a quiet June, the crypto market is showing fresh signs of life Altcoin season. Top cryptocurrencies, including SEI, SUI, Ethereum, and XRP Price, are making notable moves. According to analysts, this altcoin rally might be led by solid Layer-1 blockchains, marking a shift away from the memecoin-driven hype. Ethereum Price Breaks Out with Bullish Signals Ethereum price today is leading the altcoin revival, surging 9% to cross $3,330. The breakout above the critical $2,800 resistance level was spotlighted by analyst Michaël van de Poppe, who views it as a strong signal of returning altcoin strength, with Ethereum at the forefront. Currently, ETH is just 9.7% away from breaking out of a massive 4-year-long accumulation triangle, a technical formation that could trigger a parabolic rally. Adding fuel to the bullish momentum, SharpLink Gaming, a publicly traded company, recently purchased 9,424.69 ETH worth $32 million, highlighting growing institutional interest in Ethereum over Bitcoin. Source : CryptosBatman X Post A potential cup-and-handle formation is also appearing on ETH charts, similar to one seen in late 2023 that preceded a 100% price surge. If Ethereum breaks the $3,100 neckline, analyst cryptosBatman expects a rise toward the $3,800 to $4,000 zone. Whales and ETH ETF Shifts Add More Fuel Supporting the bullish case is unusual whale behavior. A major short position with 18x leverage is currently sitting on a $3.5 million loss. If ETH pushes above $3,500, it could trigger a short squeeze liquidation, adding more fuel to the breakout. Meanwhile, institutional attention is growing as Ethereum slowly chips away at Bitcoin’s long-held ETF dominance, attracting serious investor interest. XRP Price Rallies on Legal Hopes and Whale Moves XRP is also seeing renewed momentum, climbing…
The post Altcoin Season ALERT! XRP Price Rallies, Ethereum Price Eyes Major Breakout appeared on BitcoinEthereumNews.com.
The post Altcoin Season ALERT! XRP Price Rallies, Ethereum Price Eyes Major Breakout appeared first on Coinpedia Fintech News After a quiet June, the crypto market is showing fresh signs of life Altcoin season. Top cryptocurrencies, including SEI, SUI, Ethereum, and XRP Price, are making notable moves. According to analysts, this altcoin rally might be led by solid Layer-1 blockchains, marking a shift away from the memecoin-driven hype. Ethereum Price Breaks Out with Bullish Signals Ethereum price today is leading the altcoin revival, surging 9% to cross $3,330. The breakout above the critical $2,800 resistance level was spotlighted by analyst Michaël van de Poppe, who views it as a strong signal of returning altcoin strength, with Ethereum at the forefront. Currently, ETH is just 9.7% away from breaking out of a massive 4-year-long accumulation triangle, a technical formation that could trigger a parabolic rally. Adding fuel to the bullish momentum, SharpLink Gaming, a publicly traded company, recently purchased 9,424.69 ETH worth $32 million, highlighting growing institutional interest in Ethereum over Bitcoin. Source : CryptosBatman X Post A potential cup-and-handle formation is also appearing on ETH charts, similar to one seen in late 2023 that preceded a 100% price surge. If Ethereum breaks the $3,100 neckline, analyst cryptosBatman expects a rise toward the $3,800 to $4,000 zone. Whales and ETH ETF Shifts Add More Fuel Supporting the bullish case is unusual whale behavior. A major short position with 18x leverage is currently sitting on a $3.5 million loss. If ETH pushes above $3,500, it could trigger a short squeeze liquidation, adding more fuel to the breakout. Meanwhile, institutional attention is growing as Ethereum slowly chips away at Bitcoin’s long-held ETF dominance, attracting serious investor interest. XRP Price Rallies on Legal Hopes and Whale Moves XRP is also seeing renewed momentum, climbing…
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