The broader cryptocurrency market is seeing a resurgence in risk appetite, and altcoins are leading the charge. As Bitcoin remains steady above key psychological levels, a wave of capital rotation is pushing major altcoins like Ethereum (ETH), Solana (SOL), and XRP higher, reflecting renewed investor confidence in non-Bitcoin digital assets.
Ethereum Eyes $3,400 Amid Breakout Momentum
Ethereum (ETH) has broken out of a multi-week consolidation triangle and now targets $3,400, backed by a strong surge in trading volume and momentum indicators. The 14-day RSI remains firmly above 70, confirming bullish strength. Additionally, the ETH/BTC ratio has jumped over 6%, indicating Ether is outperforming Bitcoin for the first time in months.
This rotation toward ETH suggests that investors are seeking higher yields and utility-based blockchains ahead of regulatory developments like the GENIUS Act.
Solana Maintains Key Support, Eyes $200 Breakout
Solana (SOL) has stabilized near its 200-day simple moving average, a key technical level. The price action shows resilience, with bulls defending the $157–$160 zone. The RSI holding above 50 and the break above the Ichimoku cloud on daily charts are reinforcing bullish sentiment.
A move above $168 could open the path to $187 and then $200, setting the stage for further upside if volume continues to rise.
XRP Faces Resistance But Forms Higher Lows
While XRP faces persistent resistance at $2.93, it continues to build higher lows, suggesting accumulation ahead of the ProShares XRP Futures ETF launch. The presence of strong institutional support at $2.85 is keeping the token buoyed, but the recent Hanging Man candlestick warns of near-term weakness if support is lost.
Traders are closely watching the $3.00 breakout zone — a successful breach could trigger a wave of structured allocations.
Altcoin Dominance on the Rise
The Altcoin Market Cap excluding Bitcoin has gained over 7% in the past 48 hours, marking its best 2-day performance in over a month. On-chain data shows growing inflows into altcoin wallets, particularly ETH, SOL, and DOGE.
If this trend holds, it could mark the beginning of a broader altcoin cycle fueled by regulatory clarity and rising risk sentiment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.