🚀 Ethereum Shatters Resistance as Token6900 Presale Heats Up: Top Altcoins to Watch in July 2025

Ethereum just punched through key resistance levels—while a mysterious new player, Token6900, racks up seven-figure presale commitments. Here's what's moving the needle in altcoin land this week.

### The Big Guns Flex

ETH's breakout signals institutional money flooding back into smart contract platforms. No more 'ETH killer' narratives—just old-fashioned price action that leaves bagholders kicking themselves.

### Dark Horse Alert

Token6900's presale momentum smells like the early days of Polygon's rise. Retail FOMO meets vague whitepaper promises—classic crypto alchemy.

### The Cynic's Corner

Meanwhile, Wall Street 'experts' still can't decide if crypto is dead or the next big thing. Pro tip: follow the chain activity, not the hot takes.

At the same time, meme-powered presale project Token6900 has raised more than $722,000, attracting retail traders who are looking beyond Layer-1 assets for speculative upside. 

Both ethereum and Token6900 are now trending as some of the best altcoins for different investor profiles.

After consolidating for eight weeks, Ethereum broke through a historically thin price zone with high volume, confirming a bullish breakout pattern. 

According to trader Cazz on X (formerly Twitter), ETH closed multiple weekly candles NEAR its highs, triggering what analysts call “big money behavior.” 

Ethereum bull case:

The $ETH/USD weekly chart broke out of an 8-week tight consolidation on high volume, strong closes near weekly highs, and rapid movement through a historically thin price zone. This is classic big money behavior.

Meanwhile, the $SOL/$ETH chart is breaking… pic.twitter.com/B3m700vgvO

— Cazz (@jakecazz) July 16, 2025

This is reflected in the charts, with ETH moving from the $3,100 range to $3,419.36, leaving little resistance between current levels and the next targets at $3,500 and $4,000.

The Wyckoff accumulation pattern has also played out, with Ethereum moving through the “Spring” and “Compression” phases into an upward expansion. 

Current technical indicators support this move. The RSI exceeds 80, suggesting strong momentum, while the ADX at 29 indicates trend confirmation.

Derivatives Market and ETF Inflows Fuel ETH Rally

Ethereum’s surge is not only technical but also driven by market structure. 

In the derivatives sector, more than $152 million in ETH short positions were liquidated in the last 24 hours, accounting for over half of all crypto liquidations. 

ETH futures volumes ROSE by 27%, and open interest climbed 8.73%, according to Glassnode.

Institutional interest is increasing rapidly. BlackRock’s ETHA index has now accumulated over $5 billion in Ethereum, with $1 billion added since June. 

Data from SoSoValue confirms that ETH has seen eight consecutive days of institutional ETF inflows, averaging $120 million per day. 

On July 15th alone, net inflows hit $192.33 million, pushing the ETH price to $3,040.88 during the inflow cycle.

Retail and DeFi Investors Return to Ethereum

Arthur Hayes, founder of BitMEX, publicly stated on X: “It’s ETH season,” confirming that his fund is focusing on DeFi projects built on Ethereum. 

Ethereum is benefiting from increased demand for real-world asset tokenization, stablecoins like USDC and USDT, and a shift in sentiment away from Solana. 

On the SOL/ETH chart, solana recently broke a long-term support level, reinforcing ETH’s dominance in capital rotation.

SharpLink Gaming also contributed to this momentum, announcing a $225 million purchase of ETH, signaling corporate adoption beyond traditional finance players.

Crypto YouTuber Jacob Crypto Bury also weighed in, predicting that Ethereum could reachin the near term if the current momentum continues.