Cryptocurrency Market Shows Bullish Signs as Bitcoin Holds Above $100,000 and Ethereum Surges 28%

July is shaping up to be a pivotal month for the cryptocurrency market, with several indicators suggesting a potential bullish reversal. Bitcoin has maintained a strong position above $100,000, demonstrating resilience against geopolitical disruptions. This stability is bolstered by significant institutional inflows, particularly through ETFs, which recorded $4.9 billion in net inflows in the first half of 2025. This influx of capital supports the sentiment that the bull market is far from over.

Ethereum is also benefiting from its recent "Pectra" upgrade, which enhanced transaction speed, staking flexibility, and Layer 2 integration. These improvements have led to an increase in the ETH price, stabilizing around $2,450. The upgrade has attracted investors, positioning Ethereum as a strong contender in the upcoming bull run.

Other cryptocurrencies are also showing promising technical dynamics. Solana (SOL) has bounced off a technical support level at $147 and is currently trading around $150. If the momentum continues, it could target $170 to $200. Ripple (XRP) remains a key player in traditional finance, with transactions settled in seconds, much faster than SWIFT. It is currently trading around $2.18. Hyperliquid (HYPE) hit an all-time high of $45 but underwent a correction of nearly 30%. However, its open interest remains high at $1.74 billion, suggesting a potential short squeeze. The technical resistance level at $40 is crucial for a possible rebound to $52.

These on-chain data provide a solid foundation for these five cryptocurrencies, as liquidity begins to flow back into the market and investors look to reposition ahead of a possible cycle restart. However, the technical configurations call for a more nuanced reading. Hyperliquid could rise to $52 or even $60 if the Fed cuts rates in July, provided it maintains its critical support at $30. For Ethereum, analysts note a "cup and handle" chart pattern forming over the past three months, which could lead to a breakout toward $3,100 before a potential test of $4,000 by year-end, contingent on continued inflows into ETFs and ongoing adoption of Layer-2 solutions.

Solana's ecosystem is expanding, with its Total Value Locked now exceeding $9 billion, up 28% since spring. However, some indicators show latent downward pressure, with a critical support at $144 that must not be broken to avoid a technical pullback. Ripple remains a special case, with its centralization continuing to fuel debate. However, its ability to enable international settlements in seconds underscores its relevance if concrete use cases in traditional finance regain strength. Bitcoin's current stability masks underlying tension. If ETFs continue to attract capital, any negative macroeconomic signal could trigger massive profit-taking at these price levels.

In the short term, these mixed signals require careful reading of each project and rigorous risk management. The implications are multiple. For Bitcoin, the real battle remains the $120,000 mark. For Ethereum, the challenge of Layer-2 adoption will determine the next steps. Solana still needs to prove its technical reliability, while Hyperliquid plays a speculative catalyst role for short-term traders. July’s outlook will largely depend on the balance between liquidity inflows, Fed decisions, and actors’ confidence. But one thing is clear: the market will not sleep this summer.