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Ethereum Price Breaks $2,700 for First Time in Weeks, Altcoin Rally Ahead?

2025-07-10 09:23:41

Ethereum Price Breaks $2,700 for First Time in Weeks, Altcoin Rally Ahead?

Main Idea

Ethereum's price has surged 6.2% in the last 24 hours, surpassing $2,700 for the first time in four weeks, with analysts suggesting this could mark the start of an altseason.

Key Points

1. Ethereum's price jumped to $2,795.14, outperforming Bitcoin (2.2%), XRP (4%), BNB (1.1%), Solana (3.0%), Dogecoin (5.2%), and Cardano (4.5%).

2. Analysts highlight the next 72 hours as critical for determining if altcoins will outperform Bitcoin, potentially signaling the start of an altseason.

3. Institutional interest in Ethereum is rising, with CME Ether Futures Open Interest at $3.27 billion (highest since February 2) and spot ETH ETFs seeing positive inflows for eight consecutive weeks.

4. Technical indicators show strong buying momentum (RSI at 66.71), with Ethereum trading above its 50-day, 100-day, and 200-day moving averages and key resistance levels flipped into support.

5. Experts warn that failure to hold above $2,750 could lead to a pullback toward $2,375 or a sideways trend, while the next major resistance zone lies between $3,000 and $3,300.

Description

The post Ethereum Price Breaks $2,700 for First Time in Weeks, Altcoin Rally Ahead? appeared first on Coinpedia Fintech News Ethereum (ETH) price today has jumped 6.2% in the last 24 hours, outperforming most top cryptocurrencies , including Bitcoin (2.2%), XRP (4%), BNB (1.1%), Solana (3.0%), Dogecoin (5.2%), and Cardano (4.5%). For the first time in four weeks, Ethereum has surged past $2,700 and is now trading at $2,795.14. Analysts believe this breakout could be the beginning of a new altsea...

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