• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Surges Past $2800: What Does This Mean for the Altcoin Market?

user avatar

by Giorgi Kostiuk

10 hours ago


On July 10, Ethereum (ETH) experienced a notable increase, surpassing the $2700 mark and reaching above $2800. This event has generated significant interest around the possibility of an altcoin rally.

Technical Indicators for Ethereum

Starting the month at $2484.51, Ethereum has shown a substantial 17.04% rise so far in July. Its one-day jump of 6.2% surpasses Bitcoin’s modest 2.2% increase. Open interest in Ethereum futures on the Chicago Mercantile Exchange has reached $3.27 billion, marking a record high since February 2. Institutional interest is evident with eight consecutive weeks of inflows into spot Ethereum ETFs.

Prospects for Altcoin Season

According to Swissblock, the next 72 hours are crucial for Ethereum’s performance against Bitcoin. If Ethereum’s momentum holds, it could signal an altcoin market dominance akin to that seen in 2021. However, if Ethereum’s price dips below $2750, its upward momentum could weaken, with $2375 noted as the first significant support level.

Summary and Upcoming Expectations

Key takeaways from Ethereum’s recent activity include:

* Ethereum’s 6.2% increase outpaced Bitcoin’s gain. * Interest in Ethereum futures is at its highest since February. * A sustained rise could signal the start of an altcoin season.

Ethereum's rise indicates dynamic shifts in the cryptocurrency market and could open a new phase for altcoins. Investors and market observers are keen to see the implications of Ethereum’s recent rally, especially in relation to Bitcoin and the broader market landscape.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

NRW BANK Launches €100 Million Blockchain-Based Bond Issuance

chest

NRW BANK has issued bonds on the Polygon blockchain, marking a significant step in the digital securities landscape in Europe.

user avatarGiorgi Kostiuk

Trezor vs Ledger: How to Choose the Best Cryptocurrency Wallet

chest

An overview of the features and differences of Trezor and Ledger crypto wallets in 2025 for ensuring the safety of your assets.

user avatarGiorgi Kostiuk

Chainlink (LINK) Shows Strong Signals for Further Growth

chest

Chainlink prices are rising confidently following a breakout past resistance at $13.90, with prospects for growth toward $16.00.

user avatarGiorgi Kostiuk

Crypto Options: A New Tool for Traders Amid High Demand

chest

The crypto market is setting records, and options trading becomes the main way for traders to extract maximum profit.

user avatarGiorgi Kostiuk

Token $PESC Presale: New DeFi Platform PEPESCAPE Hits the Market

chest

The presale of the $PESC token has launched. PEPESCAPE introduces an innovative DeFi platform with a unique profit-sharing model.

user avatarGiorgi Kostiuk

Polygon Launches Major Upgrade to Heimdall v2

chest

Polygon has upgraded its PoS protocol Heimdall v2, adding new features and important changes for users.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.