- Ethereum confirms a bullish breakout, with $1,745 surpassed and targets at $1,830 and $1,935 in sight, per analyst Rose.
- Crypto market cap rises 6.29% to $2.93T, while altcoins gain momentum as Bitcoin dominance dips to 63.44%.
- SUI leads altcoins, surging to $2.93 on strong volume; altcoins like IMX, SPX, and VIRTUAL also post 30%+ daily gains.
Ethereum had a sharp 13% gain in the last 24 hours as the broader crypto market turned bullish. Altcoins followed suit, with multiple tokens surging over 30%. The global market cap is up to $2.93 trillion, a 6.29% increase over the previous day.
Trading activity also surged, with 24-hour volume hitting $135.97 billion, up by 57.87%. Stablecoin volume contributed to 94.75% of this figure, standing at $128.84 billion. DeFi activity also had a boost, reaching $9.38 billion in daily volume. Notably, Bitcoin’s dominance declined to 63.44%, a 0.22% drop, indicating rising altcoin traction.
ETH Forms Breakout Pattern, Analyst Eyes Higher Targets
Ethereum’s recent movement broke above a key resistance near $1,700, confirming a falling wedge breakout pattern. The breakout came with strong bullish momentum, according to analyst Rose.
A zone between $1,620 and $1,680 may act as a retest region, suggesting possible price stabilization before another move.
Analyst Rose noted the formation of an ascending triangle on the 4-hour chart. She identified $1,745 as the first target, already surpassed. Her next targets include $1,830 and $1,935, pointing to potential short term gains if current momentum holds.
Altcoin Market Cap Rebounds Strongly
Alongside Ethereum’s climb, the total altcoin market cap jumped by $8.48 billion to $814.78 billion. It moved within a daily range of $801.88 billion to $821.11 billion.
The breakout above the $800 billion level follows a previous downtrend observed from January to March 2025. Rising trading volume of $149.72 billion confirmed increasing buyer interest.
RSI surged to 61.54, moving above the neutral 50 line. MACD shows a bullish crossover with a histogram gain of $7.21 billion. Both indicators confirm the trend shift and suggest renewed confidence in altcoins.
SUI Leads Altcoin Gainers, Joins IMX, SPX, and VIRTUAL
SUI posted a strong move, gaining $0.2647 in 24 hours to trade at $2.93. It moved between $2.67 and $2.96 over the day.
The breakout is with rising volume, reaching 57.97 million SUI, supporting the bullish activity. Previous resistance around $2.80 may now act as support. Peer tokens IMX, SPX, and VIRTUAL also gained close to 30% within the same window.
VIRTUAL led the performance pack, maintaining a strong upward push. IMX and SPX stayed below previous levels but showed clear signs of recovery. Momentum in these assets suggests sustained attention from traders across the crypto markets.
