Bitcoin holds above 109k as market awaits next breakout; Altcoins decline
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Crypto prices remained range-bound on Friday, with Bitcoin trading marginally lower amid mixed signals from global markets and continued institutional inflows Bitcoin was last down 0.3% at $109,031, having touched an intraday high of $110,541 earlier in the session. Ethereum slipped 1% to $2,563. The global crypto market capitalisation also dipped 0.5% to $3.37 trillion, according to CoinMarketCap data.Major altcoins traded in the red, with XRP, Solana, Dogecoin, and Cardano shedding between 1% and 3%. Other top tokens such as Chainlink, Avalanche, Stellar, Toncoin, Shiba Inu, and Litecoin also declined up to 3%.Despite the mild pullback, analysts said market sentiment remains broadly positive, supported by institutional buying and a healthy technical setup.'Bitcoin (BTC) is hovering around $109,000, showing resilience after touching an intraday high near $110K,' said Shivam Thakral, CEO of BuyUcoin. 'Flows into spot BTC ETFs remain strong, drawing institutional capital and supporting prices. A breakout above $114K could trigger the next leg of the rally.'Edul Patel, Co-founder and CEO of Mudrex, echoed the optimism, noting that bulls continue to defend key levels.'Bitcoin is holding strong above the $109,000 mark despite brief selling pressure following U.S. payroll data,' Patel said. 'Data from The Block shows 98.9% of Bitcoin holders are currently 'in the money', reflecting strong market confidence. If Ethereum stays above $2,500, we could see a rally toward $2,700 driven by whale accumulation and institutional interest.'Adding to the upbeat outlook, Avinash Shekhar, Co-Founder and CEO of Pi42, said rising open interest and unrealised profits suggest the market is not overheated yet.'Bitcoin is trading firmly above $109,000, with the unrealised profit ratio at 80%—a healthy sign of confidence among holders. Open interest is rising again, reflecting renewed enthusiasm without signs of excessive speculation,' Shekhar said. 'Ethereum is holding within its expected range, supported by improving macro sentiment and equity market gains.'Among altcoins, Shekhar noted that XRP is showing strong upward potential with technical indicators pointing toward a possible move to $3, while Dogecoin has regained strength after breaking above its 50-day trendline.With bullish fundamentals intact, analysts believe Bitcoin may soon test the $110,000 mark again and possibly chart a path toward new all-time highs around $115,000.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Economic Times
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- Economic Times
Ethereum outpaces Bitcoin and Solana, surges above $3,200 — trader predicts a shocking $30,000 top
Synopsis Ethereum surges above $3,200 and leaves Bitcoin and Solana in the dust, sparking fresh excitement across the crypto market. Traders are now predicting a stunning long-term target of $30,000 for Ethereum, fueled by record-high futures, increased staking, and growing interest in spot ETFs. This breakout isn't just another rally — it's backed by real momentum, rising demand, and network strength. If you're wondering whether this is the start of Ethereum's biggest bull run yet, you'll want to dive into this story. It's all about what's happening now — and where ETH could go it's higher. Ethereum has surged past $3,200, outperforming Bitcoin's 1.6% and Solana's 3.2% daily gains, with futures open interest hitting a record $45 billion. Traders now project a potential $30,000 top for ETH this cycle, driven by rising staking, ETF anticipation, and strong network demand. 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This signals serious institutional demand and potential for explosive moves. Ethereum's on-chain activity is heating up : Transaction fees are up 109% week-over-week. ETH burn rates have nearly doubled. Staking deposits hit new monthly highs. : ETH/BTC ratio is trending upward, signaling strong rotation from Bitcoin to altcoins — a classic sign of the market entering a new bullish "altseason." With momentum back on Ethereum's side, price forecasts are becoming increasingly bullish. Some analysts believe ETH could test $4,000 in the short term if it can hold above $3,200. Others see even higher targets coming into view, especially with Ethereum spot ETFs potentially launching later this year. One of the more shocking predictions comes from a trader known as 'DeFi Dad,' who believes Ethereum could hit $30,000 at the peak of this bull cycle. While that might sound far-fetched, he's not alone. Several analysts argue that a combination of ETF inflows, Layer-2 expansion, and Ethereum's position as the foundation of DeFi and tokenized assets could drive a supply squeeze — sending prices into parabolic territory. It's ambitious, but there's logic behind the projection. If Ethereum captures a larger share of institutional capital and continues to solidify its role in tokenized finance, Web3 infrastructure, and global settlements, the market cap expansion needed to reach $30,000 isn't impossible — especially by 2026 or 2027. Past cycles have seen ETH rally 20x or more from its bear market lows. In this cycle, a similar performance would land ETH somewhere between $20,000 and $30,000. Combined with the upcoming Dencun upgrade, which will further reduce transaction costs on Layer-2s, and the eventual roll-out of Ethereum spot ETFs, the pieces are there for a major multi-year move. Analysts are getting increasingly bold with their price forecasts: Forecast Source Target Price Timeframe Notes Cointelegraph (Mister Crypto) $4,000 Short-term Now that $3,200 is cleared, $4K is the next strong resistance Brave New Coin $3,600–$8,000 By end of 2025 Breakout above $3,200 could drive 80% gains within 12–18 months 'DeFi Dad' (Crypto Trader) $30,000 Cycle Top (2026–27) Ultra-bullish scenario driven by ETFs, L2 scaling, and macro rotation Tesseract CEO $6,500 End of 2025 Layer-2 growth, ETF demand, and staking supply crunch ETH's long-term projections are more bullish than ever. Here's a data-driven look at where Ethereum could land over the next few years: Year Projected ETH Price Range Key Catalysts 2025 $5,000–$8,000 Ethereum spot ETFs, staking yield demand, L2 scaling 2026 $6,000–$10,000 Ethereum Dencun upgrade, global DeFi usage expansion 2030+ $10,000–$30,000 ETH becomes 'ultrasound money,' potential flippening vs Bitcoin The most aggressive estimates, including from traders like Mister Crypto and DeFi Dad, hinge on Ethereum being viewed as the 'next digital gold' with added utility — powering DeFi, gaming, real-world assets (RWA), and Layer-2 ecosystems. On a 24-hour basis, Ethereum is clearly leading. ETH gained over 6%, while Bitcoin added just 1.6%, and Solana rose by 3.2%. Beyond price, Ethereum's network fundamentals are also improving faster — from higher fees and more burning, to deeper staking activity and growing developer momentum. Bitcoin remains the macro safe haven of crypto, but Ethereum is becoming the preferred bet for growth. Meanwhile, Solana continues to attract attention for its speed and efficiency, but it still lacks Ethereum's depth in DeFi, NFTs, and institutional adoption. Simply put, Ethereum is reasserting its dominance as the most versatile smart contract platform — and traders are taking notice. Despite the bullish momentum, there are still risks to watch. Regulatory uncertainty remains a major variable, especially in the U.S., where Ethereum's status as a commodity is still not fully settled. Any surprise crackdown or delays in ETF approvals could temporarily cool investor enthusiasm. Macro conditions also matter. If inflation surprises to the upside or the Federal Reserve stays hawkish, risk assets like crypto could face headwinds — regardless of on-chain fundamentals. Additionally, competition from faster Layer-1 chains like Solana or new entrants could fragment market attention. That said, Ethereum's network effects, developer ecosystem, and growing institutional infrastructure give it staying power — and many believe it's only getting stronger. Ethereum is clearly back in the spotlight, and its recent move above $3,200 could be the start of something much bigger. If bulls can defend this level and push toward $3,500 and $4,000, it opens the door to much higher targets in 2025 and beyond. And while $30,000 may seem like an outlandish prediction today, the same was said about $5,000 ETH during the last cycle. With ETF demand looming, Layer-2 scaling ramping up, and Ethereum burn mechanics creating a supply crunch, this might just be the beginning of Ethereum's next big run. Q1: Why is Ethereum price surging above $3,200 today? Ethereum is rising fast due to record futures, rising demand, and ETF hype. Q2: Can Ethereum really hit $30,000 in this market cycle? Yes, traders believe ETH could reach $30K if trends and demand keep growing.
Time of India
an hour ago
- Time of India
Ethereum outpaces Bitcoin and Solana, surges above $3,200 — trader predicts a shocking $30,000 top
Ethereum (ETH) has officially broken out. After weeks of sideways action, ETH has surged past the critical $3,200 mark, outpacing both Bitcoin and Solana in daily performance. This rally isn't just hype — it's backed by record-breaking futures data, rising on-chain activity, and bold predictions from top traders who now believe Ethereum could soar as high as $30,000 in this cycle. Why is Ethereum outperforming Bitcoin and Solana today? Ethereum's latest breakout is being driven by a perfect storm of bullish catalysts. First, futures open interest for ETH just hit an all-time high, surging past $45 billion — up more than 60% since late June. That kind of leverage in the system often precedes major price moves, especially when spot buying pressure is also rising. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Data Analytics MBA Project Management PGDM Leadership Design Thinking Product Management Digital Marketing Degree Management MCA Others Healthcare Data Science others Finance CXO Operations Management Data Science healthcare Public Policy Technology Cybersecurity Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details At the same time, Ethereum's on-chain activity has exploded. Transaction fees have more than doubled in the last week, staking deposits are climbing steadily, and ETH burn rates have spiked, reducing overall supply. Many analysts are pointing to these metrics as strong evidence that demand is surging not just from traders but also from long-term holders and institutions. And then there's the ETH/BTC ratio, which has started climbing again. That's often a signal that capital is rotating from Bitcoin into altcoins — a classic indicator that a new altcoin season might be kicking off. Ethereum surged 6% in the past 24 hours , trading at $3,239.73 with intraday highs touching $3,258.17 , far outpacing Bitcoin's 1.6% gain and Solana's 3.2% bump. Here's what's driving the move: Live Events Open interest in ETH futures just hit an all-time high , soaring to $45 billion — up 60% since late June. This signals serious institutional demand and potential for explosive moves. Ethereum's on-chain activity is heating up : Transaction fees are up 109% week-over-week. ETH burn rates have nearly doubled. Staking deposits hit new monthly highs. ETH/BTC ratio is trending upward, signaling strong rotation from Bitcoin to altcoins — a classic sign of the market entering a new bullish "altseason." What are crypto analysts saying about ETH's price potential? With momentum back on Ethereum's side, price forecasts are becoming increasingly bullish. Some analysts believe ETH could test $4,000 in the short term if it can hold above $3,200. Others see even higher targets coming into view, especially with Ethereum spot ETFs potentially launching later this year. One of the more shocking predictions comes from a trader known as 'DeFi Dad,' who believes Ethereum could hit $30,000 at the peak of this bull cycle. While that might sound far-fetched, he's not alone. Several analysts argue that a combination of ETF inflows, Layer-2 expansion, and Ethereum's position as the foundation of DeFi and tokenized assets could drive a supply squeeze — sending prices into parabolic territory. Could Ethereum realistically hit $30,000? It's ambitious, but there's logic behind the projection. If Ethereum captures a larger share of institutional capital and continues to solidify its role in tokenized finance, Web3 infrastructure, and global settlements, the market cap expansion needed to reach $30,000 isn't impossible — especially by 2026 or 2027. Past cycles have seen ETH rally 20x or more from its bear market lows. In this cycle, a similar performance would land ETH somewhere between $20,000 and $30,000. Combined with the upcoming Dencun upgrade, which will further reduce transaction costs on Layer-2s, and the eventual roll-out of Ethereum spot ETFs, the pieces are there for a major multi-year move. What are traders predicting for Ethereum's next move? Analysts are getting increasingly bold with their price forecasts: Forecast Source Target Price Timeframe Notes Cointelegraph (Mister Crypto) $4,000 Short-term Now that $3,200 is cleared, $4K is the next strong resistance Brave New Coin $3,600–$8,000 By end of 2025 Breakout above $3,200 could drive 80% gains within 12–18 months 'DeFi Dad' (Crypto Trader) $30,000 Cycle Top (2026–27) Ultra-bullish scenario driven by ETFs, L2 scaling, and macro rotation Tesseract CEO $6,500 End of 2025 Layer-2 growth, ETF demand, and staking supply crunch How high can Ethereum realistically go? ETH's long-term projections are more bullish than ever. Here's a data-driven look at where Ethereum could land over the next few years: Year Projected ETH Price Range Key Catalysts 2025 $5,000–$8,000 Ethereum spot ETFs, staking yield demand, L2 scaling 2026 $6,000–$10,000 Ethereum Dencun upgrade, global DeFi usage expansion 2030+ $10,000–$30,000 ETH becomes 'ultrasound money,' potential flippening vs Bitcoin The most aggressive estimates, including from traders like Mister Crypto and DeFi Dad, hinge on Ethereum being viewed as the 'next digital gold' with added utility — powering DeFi, gaming, real-world assets (RWA), and Layer-2 ecosystems. How does Ethereum compare to Bitcoin and Solana right now? On a 24-hour basis, Ethereum is clearly leading. ETH gained over 6%, while Bitcoin added just 1.6%, and Solana rose by 3.2%. Beyond price, Ethereum's network fundamentals are also improving faster — from higher fees and more burning, to deeper staking activity and growing developer momentum. Bitcoin remains the macro safe haven of crypto, but Ethereum is becoming the preferred bet for growth. Meanwhile, Solana continues to attract attention for its speed and efficiency, but it still lacks Ethereum's depth in DeFi, NFTs, and institutional adoption. Simply put, Ethereum is reasserting its dominance as the most versatile smart contract platform — and traders are taking notice. What risks could derail Ethereum's rally? Despite the bullish momentum, there are still risks to watch. Regulatory uncertainty remains a major variable, especially in the U.S., where Ethereum's status as a commodity is still not fully settled. Any surprise crackdown or delays in ETF approvals could temporarily cool investor enthusiasm. Macro conditions also matter. If inflation surprises to the upside or the Federal Reserve stays hawkish, risk assets like crypto could face headwinds — regardless of on-chain fundamentals. Additionally, competition from faster Layer-1 chains like Solana or new entrants could fragment market attention. That said, Ethereum's network effects, developer ecosystem, and growing institutional infrastructure give it staying power — and many believe it's only getting stronger. Is now the time to pay attention to ETH? Ethereum is clearly back in the spotlight, and its recent move above $3,200 could be the start of something much bigger. If bulls can defend this level and push toward $3,500 and $4,000, it opens the door to much higher targets in 2025 and beyond. And while $30,000 may seem like an outlandish prediction today, the same was said about $5,000 ETH during the last cycle. With ETF demand looming, Layer-2 scaling ramping up, and Ethereum burn mechanics creating a supply crunch, this might just be the beginning of Ethereum's next big run. FAQs: Q1: Why is Ethereum price surging above $3,200 today? Ethereum is rising fast due to record futures, rising demand, and ETF hype. Q2: Can Ethereum really hit $30,000 in this market cycle? Yes, traders believe ETH could reach $30K if trends and demand keep growing.
