- Ethereum’s Petra upgrade and whale inflows spark massive 25% daily price surge.
- Bitcoin nears all-time highs as traders eye short-term dips for safer entries.
- Cardano and Solana rally strongly, with bullish targets set above key price levels.
The crypto market ignited this week with one of the strongest rallies in recent memory. According to Altcoin Buzz, an analytic firm, Ethereum surged nearly 25% in a single day an unprecedented move that sent shockwaves across digital assets. Bitcoin and altcoins followed, posting double-digit gains.
This price action marks a clear shift in market sentiment, transforming investor hesitation into cautious optimism. Traders and long-term holders alike are recognizing a renewed bullish momentum, signaling a potential breakout phase. The rally comes as Ethereum undergoes major upgrades, institutional interest grows, and global liquidity continues to pour into crypto markets.
Rally Driven by Fundamentals and Institutional Inflows
Ethereum’s explosive move isn’t just a fluke. The Petra upgrade, which quietly went live on May 7, introduces critical features. These include sponsored transactions, wallet recovery tools, and raised validator caps from 32 ETH to 248 ETH. Such advancements lay the groundwork for broader adoption, especially among enterprises and developers.
Meanwhile, large investors are aggressively accumulating. Baraxis Capital withdrew 50,000 ETH, while another whale added millions in USDC to an already massive ETH position. This indicates strong institutional conviction, not just speculative hype.
Bitcoin is riding this wave too, closing in on its all-time high. Analysts compare the current phase to late 2023, when disbelief kept many on the sidelines as BTC climbed from $30K to $35K. That hesitation may be returning, but experienced traders see opportunity in short-term dips.
Watching for 5–10% liquidation drops could offer ideal entry points. Importantly, experts warn against high leverage and recommend focusing on low-risk strategies during shallow consolidations.
Altcoins Show Strength as Cardano, Solana Surge
Altcoins aren’t being left behind. Cardano has gained 82% over the past 300 days, outperforming major tech stocks. The upcoming Midnight Project airdrop, expected by June, could reward around 37 million users most of them ADA holders.
Combined with MinSwap’s instant settlement upgrade and talk of a U.S. strategic digital asset reserve, Cardano’s outlook appears increasingly bullish. Analysts suggest buy zones near $0.74, with targets up to $1.13.
Solana, on the other hand, continues to dominate in technical performance. With unmatched transaction speeds and growing ecosystem tools, it’s attracting significant attention.
Arkham Intelligence now allows identity searches using Solana-based tags. Price-wise, analysts are watching for a push above $190, with projected targets between $300 and $400.
