Ethereum and Solana shoot while the crypto market reaches USD $ 4.2 billion

By Hannah Pérez

The merchants of the cryptocurrency market celebrate while the capitalization breaks a new record on the USD $ 4.2 billion. Eth and Sol lead the profits, emerging towards maximums of 2021 and USD $ 200, respectively.

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• Crypto market capitalization breaks a new record about USD $ 4.2 billion.
• ETH approaches its historical price promoted by institutional demand.
• Solana takes up a psychological level of USD $ 200 as Altcoins take prominence.
• The frenzy of cryptocurrency treasures and regulatory clarity boost prices.

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The cryptocurrency market has reached a new mile Coingcko. This increase of almost 3% in the last 24 hours reflects a renewed inverter fervor, with Ethereum (Eth) and Solarium (Sun) leading the rebound after reaching local maximums of USD $ 4,737 and USD $ 200, respectively.

Ethereumthe second largest cryptocurrency for market capitalization, has experienced an impressive 5% increase on the last day, extending the 57% rebound in the month to approach its historical maximum of 2021 above USD $ 4,800.

Ethereum monopolizes institutional interest

This resurgence is promoted by a growing institutional interest, particularly by the phenomenon of “Cryptocurrency Treasury of Public Companies“. Companies like Sharplinklinked to Consensysand Bitmineled by Tom Lee, have made significant purchases of ETH, strengthening market confidence. Both currently maintain the two greatest treasury Ethereum In the world, accumulating about 1.8 million ETH, valued at more than USD $ 8.2 billion.

The technical indicators support this upward narrative. The average directional index (ADX) of Ethereum It is located in 46, indicating a strong ascending impulse, while the exponential mobile socks (EMA) of 50 and 200 days show an upward divergence, providing dynamic supports below current prices.

Although the relative force index (RSI) of ETH in 79 indicates the territory of overcompra, the bullish markets usually maintain these conditions for prolonged periods, which suggests that the impulse could continue.

On the prediction platform Polymarketthe operators have increased the bets to which ETH will rise in price before the end of 2025, with 88% probabilities at the reach of USD $ 5,000 this year, which reflects a growing optimism. Expectations are in line with the updated projection of Standard Charteredwhich now points to an objective price of USD $ 7,500.

Solana takes up the USD $ 200 in the midst of the impulse

Solana, often nicknamed as “Ethereum murderer”For its defenders, it is not far behind, with an increase close to 6% in the last 24 hours, reaching the psychologically significant level of USD $ 200.

The technical data of Sol are also promising: their ADX is approaching the threshold of 25 confirming an established trend, while the 50 and 200 days EMAS provide support around USD $ 170. With a 64 RSI, Solarium is in a “Power zone“, Indicating a solid impulse with space for additional growth of 10-15% before reaching overcompra conditions.

The feeling in Polymarket It is also up to Solariumwith at least two contracts that seek to predict the price for August currently in a trend, with the probabilities of a top over USD $ 210 this month increasing to 80%.

This change reflects the growing confidence in the ability to Solarium To compete with Ethereum In areas such as Stablecoinsdecentralized token and finance (defi).

Some factors behind the rebound

The renewed institutional appetite has been a key catalyst for the recent price increase. Companies are increasingly diversifying their corporate treasury towards digital assets, with Bitcoin, Ethereum, Solarium, among others, emerging as preferred options due to their robust ecosystems and growth potential.

The negotiation volume in the cryptocurrency market has grown more than 22% in 24 hours, reaching USD $ 243.5 billion, according to Coinmarketcapindicating a broader participation of both retail and institutional investors.

The Altcoins season index of Coinmarketcapwhich measures the performance of alternative cryptocurrencies against Bitcoinhas risen to 39 since 29 the last month, suggesting a rotation towards Altcoins like eth and sun as the dominance of Bitcoin decreases. This market change is feeding the optimism that “Altcoins season“I could be starting.

The favorable regulatory context, motivated by the new Trump administration policies, may also be favoring the impulse in the market. The genius law was promulgated last month, providing legal status to the Stablecoins In the US, what is expected could favor leading projects in intelligent contracts such as Ethereum and Solarium.

Key levels when BTC takes up USD $ 122,000

While Bitcoin 2.4% arises in the day to negotiate around USD $ 122,500 at the time of edition, Ethereum Mark key levels to observe in an immediate support in USD $ 4,500 and a critical resistance in USD $ 4,878, its historical maximum. A rupture above USD $ 5,000 could lead ETH to a price discovery zone, with an additional upward impulse.

For Solariumimmediate support is found in USD $ 189, with a significant resistance in USD $ 200. A successful rupture above this level could propel Sun towards USD $ 220, a technical objective based on measured movement patterns.

The cryptocurrency market is experiencing a moment of euphoria. The renewed institutional interest, the enthusiasm for cryptocurrency treasures and regulatory clarity are promoting this rebound, currently led by Ethereum and Solariumwith the support of solid technical indicators and a growing optimism in prediction markets. As ETH and Sol prove critical levels, investors are attentive to whether this impulse can lead to new historical maximums.

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Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

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