Ethereum Soars Past $3K: Crypto Market Ignites as ETH Leads Bull Charge
Ethereum just blasted through the $3,000 barrier—and the crypto markets are feeling the heat. Here’s why this rally isn’t just another pump-and-dump.
The ETH Domino Effect
When ETH moves, the altcoin universe trembles. Today’s surge signals institutional money creeping back in—or maybe just traders bored of watching traditional finance bleed out.
Beyond the Number
$3K isn’t just psychological resistance—it’s a flashing green light for DeFi protocols, NFT flippers, and that one guy still mining with a GTX 1060. Meanwhile, Bitcoin maximalists are quietly recalculating their ‘flippening’ spreadsheets.
The Cynic’s Corner
Wall Street’s still calling it a ‘speculative asset’ while quietly hoarding ETH ETFs. Some things never change—like bankers front-running retail. Buckle up.
Ethereum and HBAR Analysis
Due to its status as the largest altcoin by market value, any rise in ETH prices significantly impacts Bitcoin
$119,118‘s market dominance. However, the desired momentum has not yet been realized, and a short-term movement towards $3,522 seems unlikely. With market volumes dwindling over the weekend, ETH continues to find buyers below $3,000.
Sharing the above chart, analyst Poppe remains hopeful and perceives the current outlook positively. He noted, “The upward trend in ETH has started, indicating significant growth potential exists. A drop below $2,900 could be an excellent entry point before reaching $3,500.”
Grayscale recently removed DOT Coin from its altcoin trust to add HBAR, giving it more weight than XRP. Given their potential conversion into ETFs in the future, HBAR has been garnering increased interest. Chart analysis by Carl Moon suggests further gains. “HBAR could go to the moon in this cycle! The medium-term target is the wedge top of $0.375,” he stated.
XLM Coin Insights
On Sundays, if the market is performing well, volumes are likely to increase towards the weekly close, leading to further rises in cryptocurrencies. This weekend may be one of those occasions. Meanwhile, sellers appear weak as BTC hovers around $118,000.
XLM was chosen as the third network for PayPal’s stablecoin, showcasing its potential. This decision pleased investors, especially as Stellar, which has long lagged in competition with Ripple
$3, was picked over other popular networks like Avalanche. XLM Coin is continuing its upward trend, now trading at $0.42, after a 7% rise today. Its price nearly doubled following this month’s low, and it must maintain closures above $0.389 to turn $0.448 into new support, with a new peak potentially forming above $0.55.
