The crypto market is once again in the spotlight due to an unexpected weekend rally. Ethereum leads the surge, breaking above $3,800.
Ethereum's Rise and Altcoin Momentum
Ethereum is not just rising; it's accelerating into what experts call the final wave of its multi-year bull run. According to analyst Gert Van Lagen, ETH is currently in the fifth and final wave of an Elliott wave cycle that began in 2019. "If this theory plays out, Ethereum could surge to $10,000 before this cycle ends." So far this month, Ethereum has gained over 45% and is now sitting above $3,800 with a market cap near $450 billion.
Bitcoin Prepares for Breakout
Meanwhile, Bitcoin is quietly building pressure near $118,500. Analyst Marcus Corvinus noted that Bitcoin is forming a triangle pattern that usually signals a big move. If Bitcoin breaks out, the next target is a bold $125,000. Michael Saylor, a prominent Bitcoin bull, is also generating renewed interest with reports of strategic buys at his company.
Institutional Investors Driving the Market
The broader crypto market is riding a wave of institutional optimism. Ethereum ETFs are breaking inflow records, with over $717 million entering in just one day. The recently signed Genius Act is another key factor providing a positive environment for crypto investors.
In short, the crypto market is heating up. With institutional support, bullish sentiment, and positive political signals from the Genius Act, the next upward movement could be historic.
