Bitcoin and Ethereum continue to show growth, reaching records. This article explores the current position of these cryptocurrencies and potential market developments.
Bitcoin Hits Record
On July 11, Bitcoin (BTC USD) reached a new all-time high of nearly $118,000. Increasing institutional investments are adding liquidity to the market, fueling optimism among traders.
Ethereum Near Crucial Resistance Level
Meanwhile, Ethereum (ETH) briefly surpassed the $3,000 mark on the same day, pushing the ETH/BTC pair towards an important resistance level. The ETH/BTC pair has been recovering since April 2025, rebounding by 42% and testing the 0.026 BTC level.
Potential for Altseason in the Near Future
With Bitcoin's dominance easing, traders are beginning to discuss the possibility of an altseason. A decisive breakout above 0.026 BTC for Ethereum could signal the start of a period of altcoin growth.
At this point, Bitcoin and Ethereum are at key levels, and their future movements could significantly impact the market. An altseason appears increasingly likely, depending on the dynamics of the ETH/BTC pair.
