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

Ethereum (ETH) has demonstrated impressive gains, surging by 6.2% in the last 24 hours and outperforming several leading 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 surpassed the $2,700 mark and is currently trading at $2,795.14. Analysts suggest that this breakout could potentially signal the beginning of a new altseason.

Ethereum Price Performance This Month

• Starting price (July 1): $2,484.51
• Current price: $2,795.14
• Monthly gain: 17.04%
• Weekly gain: 7.6%
• 24-hour gain: 6.2%

Despite an initial dip of 3.3% at the start of July, Ethereum has shown robust performance this month, exceeding the gains of its major competitors.

72 Hours Could Define the Start of Altseason

According to analysts at Swissblock, the next 72 hours are crucial. If Ethereum sustains its current momentum, it could confirm the onset of an altseason, a period characterized by altcoins outperforming Bitcoin.

Institutional Interest in Ethereum Rising Fast

• CME Ether Futures Open Interest: $3.27 billion (highest since February 2)
• Spot ETH ETFs: Positive inflows for eight consecutive weeks

This data indicates a growing institutional appetite for Ethereum, with investors increasingly utilizing regulated ETH products to gain exposure.

Ethereum Technical Outlook

• RSI (Relative Strength Index): 66.71, indicating strong buying momentum
• Trading above: 50-day, 100-day, and 200-day moving averages
• Key resistance flip: $2,650–$2,750 zone now acting as support
• Next major zone: Between $3,000 and $3,300 (low-volume area)

Experts caution that a failure to maintain levels above $2,750 could lead to a pullback towards $2,375 or a sideways trading pattern.

What to Watch Next

Ethereum’s recent breakout, coupled with rising institutional inflows and bullish technical indicators, has reignited excitement in the market. If the current momentum persists, ETH could spearhead a new altcoin cycle. The upcoming 72 hours will be pivotal in determining whether this is the start of a sustained altseason or merely a temporary surge.

FAQs

• Where do you see ETH by December 2025?
  As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $5,925.
• Will Ethereum price hit $20,000 in 2030?
  According to our Ethereum Price Prediction 2030, the ETH coin price could reach a maximum of $15,575 by 2030.
• How much would the price of Ethereum be in 2040?
  As per our Ethereum price prediction 2040, Ethereum could reach a maximum price of $123,678.
• How much will the ETH coin price be in 2050?
  By 2050, a single Ethereum price could go as high as $255,282.