.png){kind=logo}
As of July 28, 2025, Bitcoin was hovering around $118,891 after a slight 0.46% decline. The market sentiment remains watchful, as analysts track whether Bitcoin can push beyond this resistance. BTC recently reached $123,218 before pulling back, showing signs of bullish patterns that may lead to another surge.
Ethereum, on the other hand, is leading the current crypto rally. The second-largest cryptocurrency jumped over 3% in a single day, trading near $3,883. Strong ETF inflows, exceeding $2.2 billion last week, have driven Ethereum’s price higher. This trend, dubbed the start of an “Ethereum season,” is drawing attention from both institutional players and retail investors.
The broader cryptocurrency market reflects this enthusiasm with the overall capitalization increasing by 1.74% to reach $3.97 trillion. Altcoins followed Ethereum’s lead, with BNB gaining 6.7%, Solana rising 3.3%, Avalanche climbing 5%, and Dogecoin increasing 2.6%. Other notable digital currencies mirroring this widespread market optimism included XRP, Cardano, and Chainlink.
Bitcoin’s recent movement has formed what technical analysts call a “cup-and-handle” structure - a bullish indicator. While resistance near $120,000 poses a hurdle, the setup suggests a potential climb toward $130,000. Analysts have identified support levels at around $116,411 and $115,000, indicating a possible short-term consolidation before a decisive breakout.
ETF inflows continue to play a critical role across the market. Institutional interest is growing, particularly in Ethereum, as investors diversify from Bitcoin in pursuit of higher returns. This shift is boosting other altcoins as well, a trend seen in past Ethereum-led cycles.
Macro signals are also working in crypto’s favor. Recent easing of US-China trade tensions and stronger global liquidity have pushed digital assets higher. After rebounding from $114,500, Bitcoin now eyes a close above its 10-day moving average. If buying momentum continues, analysts expect a breakout above $125,000 in the future.
At 59%, the monthly gain of Ethereum well exceeds that of Bitcoin, thus setting the mood for altcoin strength. The price action suggests a clear shift in market dynamics, with Ethereum continuing to gain momentum in both volume and price direction.
With Bitcoin holding its ground, the crypto market has become aggressive, and with Ethereum picking up pace on solid fundamentals, a breakout from either could lead to a larger rally in the upcoming weeks.
Also Read – Why is Perplexity Pro Smarter Than Other AI Tools?
