Ethereum Smashes Resistance—Altcoins Ride the Wave

ETH’s breakout sparks a market-wide frenzy as traders pile into risk assets—just as Wall Street analysts finish downgrading their ’overvalued’ crypto forecasts.

Why now? Institutional flows finally bypassed the usual Bitcoin-only gatekeeping, flooding into smart contract platforms. DeFi TVL up 28% in a week. NFT volumes doubling. Even the SEC’s lawsuit threats can’t kill the momentum.

Watch the leverage: perpetual swaps funding rates hit 0.03% daily—speculators are paying premiums to go long. Classic crypto: euphoria today, margin calls tomorrow.

Ethereum (ETH)

As of the time of writing, ethereum (ETH)$2,370, the largest altcoin by market value, is priced at $2,345, marking a 20% increase over the past 24 hours. While 20% declines can be shocking and surprising, the experience over the recent hours has been comparably unexpected. This might herald a larger rebound in progress.

The ETHBTC pair had been moving downward and sideways for a long time, but a steep rise has finally ended this nightmare. Currently, as per the DaanCrypto analysis, some movement has occurred after years of sitting at historically low volatility levels. Although it is likely to continue fluctuating for some time, the past two days have been rather intense.

“It took long enough for ETH, but after years at historically low volatility levels, we finally saw some movement in this pair. It is likely to remain volatile for a while, but the last two days were quite insane.”

The 0.0239BTC level was tested in the ETHBTC pair, and maintaining 0.02251 is crucial to hold on to hopes of further rise. After the historical bottom, we need to witness a historic rebound here as well. The levels of 0.03423 and 0.04BTC are short-term targets. Achieving these targets WOULD likely reverse the excessive sell-offs experienced in altcoins over the past few months.

Altcoins Rally

None of us can foresee the future, and without Trump’s actions concerning chips and tariffs, today’s rise might not have been triggered. However, the surge has begun, and surprise announcements this time favored the bulls. As mentioned for months, Pepe Coin responded most robustly to ETH’s rise, increasing by over 40%. This was an anticipated climb.

Cryptocurrencies like ENA, BRETT, and Fartcoin also gained over 20%.

Stockmoney Lizards, sharing The Graph above, stated that the total market value of cryptocurrencies is heading towards an $8.5 billion peak but warned against sudden declines.