
Jakarta, Pintu News – After a quiet June, the crypto market is starting to show signs of new life in altcoin season 2025. Some of the top cryptocurrencies, including Sei , Sui , Ethereum , and XRP prices, are starting to experience significant movement.
According to analysts, this altcoin season’s rally may be led by a solid Layer-1 blockchain, marking a shift from the sensational trend previously driven by meme coins.
Read also: Ethereum Explodes to $3,500 — Is a Massive Run to $4,500 Just Getting Started?
On July 17, the price of Ethereum led the altcoin revival, surging 9% and making it past the $3,330 mark. This rise broke the crucial resistance level of $2,800, which analyst Michaël van de Poppe highlighted as a strong signal of a return to altcoin strength, with Ethereum at the forefront.
Currently, ETH is only 9.7% away from breaking out of a large accumulation triangle pattern that has been forming for 4 years – a technical formation that could potentially trigger a parabolic rally.
Adding impetus to this bullish momentum, publicly traded company SharpLink Gaming recently purchased 9,424.69 ETH worth $32 million, indicating increased institutional interest in Ethereum over Bitcoin.
In addition, a cup-and-handle pattern has also started to appear on the ETH chart, similar to the one seen in late 2023 before the 100% price surge. If Ethereum manages to break the neckline at $3,100, cryptosBatman analysts forecast a rise towards the $3,800 to $4,000 zone.
Supporting the bullish outlook, unusual whale behavior is starting to show. A large short position with 18x leverage currently bears a loss of $3.5 million.
If ETH breaks above $3,500, it could trigger a short squeeze and liquidation, which would further strengthen the upward momentum.
Meanwhile, institutional attention to Ethereum is increasing as Bitcoin’s long-standing dominance of ETFs slowly erodes, attracting the interest of more serious investors.
XRP is also experiencing renewed momentum, up more than 7% in the last 24 hours (17/7). Analysts say this is likely related to broader shifts in the altcoin market as well as growing speculation regarding the final resolution of Ripple’s legal case with the SEC.
Read also: Why is XRP Going Up Today (July 18)?
While there is no official ruling yet, investors are hoping for a settlement or legal clarity that could pave the way for relisting on US exchanges and adoption by institutions.
Adding to the positive sentiment, on-chain data showed a spike in large XRP transactions, a sign that whales may be repositioning themselves ahead of a big move.
Bitcoin’s rise through the $111,000 to $120,000 range reflects a pattern from previous cycles, where altcoins usually follow shortly after.
Analysts highlighted major rallies in 2017 and 2020, where BTC’s surge fueled Ethereum and XRP price increases. With BTC’s dominance starting to show signs of decline, history seems to be starting to repeat itself as altcoins gear up for the next big move.
Overall, if ETH manages to break the $3,500 resistance level and XRP continues to rise, a bigger rally could be in the cards. However, traders are still advised to look out for strong volume and technical confirmation before making a full decision.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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