Ethereum News Today: Binance Coin Surges 35% to $850 All-Time High as Bullish Momentum Outpaces Bitcoin Stagnation

Binance Coin (BNB) has surged 35% over five weeks, reaching a new all-time high of $850 on July 28, 2025, as bullish momentum accelerates amid evolving market conditions. The token’s performance has outpaced Bitcoin’s recent stagnation, driven by robust demand on the Binance platform and favorable technical indicators. Analysts and market observers are closely monitoring the trajectory, with some suggesting BNB could surpass $1,000 in the near term and potentially climb toward $2,000 by 2025.

Technical analysis highlights key drivers of this optimism. The BNB/ETH ratio, currently at 0.25, remains below historical peaks, signaling undervaluation relative to Ethereum. CryptoQuant analyst Joao Wedson, a founder of Alphractal, noted that major highs in the BNB/ETH pair typically coincide with Bitcoin’s local tops or bottoms, implying further upside potential for BNB as broader market dynamics shift [1]. Additionally, Fibonacci retracement levels project price targets at $886, $1,037, and $1,187, aligning with historical resistance zones and reinforcing a bullish outlook. The Relative Strength Index (RSI) at 72 underscores strong momentum, while On-Balance Volume (OBV) suggests moderate buying pressure, though it has not yet reached a new peak alongside the price [2].

The altcoin market capitalization has also played a pivotal role. It recently crossed $1.54 trillion, breaking through the 2025 resistance level of $1.24 trillion. Historical patterns indicate that altcoin market caps often surge by over 200% after exceeding prior highs. If this trend repeats, the market cap could reach $5.1 trillion, potentially supporting a BNB price of $2,000 or more. However, such projections remain speculative, contingent on sustained bullish trends and macroeconomic factors [3].

Market fundamentals further bolster the case for BNB. The token’s usage on the Binance platform has surged, reflecting growing institutional and retail adoption. Analysts emphasize that BNB’s performance is closely tied to broader altcoin market movements, with weekly charts showing critical support zones between $700 and $850. While fair value gaps in this range could trigger retracements, the overall demand dynamics remain favorable.

Despite these indicators, volatility remains a risk. The OBV’s lag in forming a new high and the RSI’s elevated levels suggest caution. Nevertheless, Wedson’s analysis and Fibonacci projections point to a conservative $1,000 target by the next month, with $1,187 emerging as a key short-term milestone. A $2,000 price tag in 2025 hinges on the continuation of current trends and the altcoin market’s ability to sustain its upward trajectory [4].

The convergence of technical, market, and fundamental factors creates a compelling case for BNB’s continued ascent. As investors monitor the altcoin market cap and BNB’s relative strength against Ethereum, the token’s potential to breach $1,000 and challenge higher thresholds remains a focal point in the crypto space.

Sources:

[1] [BNB/ETH Ratio Analysis][https://en.coinotag.com/bnb-could-potentially-reach-1187-amid-bullish-momentum-and-market-trends/]

[2] [Technical Indicators for BNB][https://en.coinotag.com/bnb-could-potentially-reach-1187-amid-bullish-momentum-and-market-trends/]

[3] [Altcoin Market Capitalization Trends][https://en.coinotag.com/bnb-could-potentially-reach-1187-amid-bullish-momentum-and-market-trends/]

[4] [Fibonacci Retracement and Market Projections][https://en.coinotag.com/bnb-could-potentially-reach-1187-amid-bullish-momentum-and-market-trends/]