Ethereum Shows Potential for New Highs Amid Altcoin Rally as Bitcoin Momentum Slows

Key Points

1. Ethereum surged 25.7% in a week, peaking near $3,843, with spot ETH ETFs attracting $2.2 billion in weekly inflows. Technical indicators like RSI (70) and ADX (25) suggest strong buying momentum and a sustained trend.

2. XRP climbed 20.9% in a week to $3.52, surpassing its previous all-time high. Its weekly RSI (71) indicates overbought conditions, but moving averages show bullish accumulation by long-term holders.

3. Dogecoin surged 33.5% in a week to $0.274, supported by a $500 million treasury initiative from Bit Origin. Technical indicators like RSI (61) and ADX (16) suggest healthy buying pressure and a nascent trend.

4. Prediction markets show a 40% chance of Ethereum surpassing $4,000 by late July and a 63% probability of reaching new all-time highs above $4,891 by year-end.

5. Regulatory advancements, such as the GENIUS Act, are enhancing market confidence and providing clearer frameworks for altcoins.