On July 4, 2025, significant bullish sentiment emerged in the altcoin market, evidenced by active options trading, especially in Ethereum, Solana, and meme coins. This article explores the key trends and chart indicators.
Emergence of a Bullish Altcoin Market
On U.S. Independence Day, traders on PowerTrade displayed significant activity in altcoin options trading, increasing call option volume at a ratio of 3:1 compared to put options. This indicates a high level of expectation for price increases.
Technical Analysis of Ethereum and Solana
Technical analysis showed that Ethereum continues to rise, breaking above the $2,600 level, while Solana, holding at $150, has potential for further increases supported by bullish option trades. Breakout above the $170 level is anticipated for Solana, while Ethereum needs to establish a daily close above $2,620 to confirm further growth.
Meme Coin Market Outlook Including PEPE
Amid overall growth in optimism, meme coins like PEPE showed interesting trends. While PEPE faced challenges, data indicates that accumulation by major investors might suggest a potential rebound in the future. Support at $0.0000095 has become crucial for maintaining positions.
The overall tone in the altcoin market remains positive, with clear expectations for further growth based on technical analysis and position accumulation. Traders continue to monitor key support and resistance levels, seeking new trading opportunities.
