Major altcoins including Ethereum, XRP, and Dogecoin are driving a significant market rally, demonstrating strong institutional support and bolstered by bullish technical indicators alongside regulatory developments.
Ethereum surged 25.7% over the weekly period, nearing $3,843 amid heightened investor interest. Spot Ethereum ETFs recorded $2.2 billion in weekly inflows while technical analysis reveals strong buying momentum with an RSI of 70 and ADX at 25, indicating sustained upward movement.
XRP climbed 20.9% to reach $3.52, surpassing its previous all-time high. While its weekly RSI reading of 71 suggests overbought conditions, moving averages signal continued confidence among long-term holders anticipating future appreciation.
Dogecoin jumped 33.5% to $0.274, substantially boosted by Bit Origin’s $500 million treasury initiative aimed at ecosystem development. Technical signals point to healthy accumulation with an RSI of 61 alongside an ADX of 16, reflecting accelerating bullish sentiment.
Prediction markets currently assign a 40% probability to Ethereum breaking above $4,000 later this month and indicate a 63% chance of surpassing its all-time high of $4,891 before year-end. Regulatory progress, particularly advancement of the GENIUS Act, has further improved market clarity and investor confidence across altcoin markets.