Ethereum News Today: Ethereum Consolidates After 65% Rally As Altcoin Season Gains Momentum

Ethereum’s recent price movement has shown signs of consolidation following a strong 65% rally earlier in the year. As of August 10, 2025, the asset was trading near $4,000, 15% below its all-time high of $4,875. Despite the lack of a breakout, the surge past $4,000 triggered significant market activity, including the liquidation of $110 million in short positions within a single hour, signaling robust buying pressure and institutional participation [2]. Additionally, spot Ethereum ETFs have seen inflows of $461 million in recent weeks, reinforcing the growing mainstream interest in the asset [2].

While Ethereum’s rally has stalled short of record levels, attention is shifting toward altcoin opportunities. Analysts note that Ethereum’s strength may be a precursor to a broader altcoin season, with traders and investors beginning to diversify their exposure. Crypto analyst Crypto Rover has suggested that the market is transitioning from a Bitcoin-dominated phase to an Ethereum-driven one and could soon see increased activity in alternative cryptocurrencies [3]. This narrative of market rotation is gaining traction, with traders advised to adjust their strategies accordingly.

The SEC’s recent clarification that liquid staking is not a security has particularly boosted altcoins in that space, notably LDO Coin. The regulatory clarity is seen as favorable and durable, as such official statements are unlikely to be easily reversed [1]. Analyst Ali Martinez has highlighted positive sentiment and Ethereum’s strong price position as potential drivers for further gains in LDO, with the coin having risen 10% in a single day [1]. Martinez projects that if LDO sustains above the $1.59 resistance level, it could target $2.55 next.

Meanwhile, Bitcoin remains in a phase of price discovery, having recently tested the $122,000 level. Analyst Altcoin Sherpa anticipates a potential bounce at $117,000, citing the CME gap as a key factor supporting this forecast. Another scenario envisions a rapid rally to $120,000, potentially fueled by macro events or unexpected CPI data [1]. Analyst Fella also predicts a 12% upward move before the asset transitions into a new all-time high rally [1].

Ethereum’s resilience has also been underscored by its on-chain activity, with the network processing over 1.2 million transactions per day, indicating growing adoption [2]. This performance supports the view that Ethereum’s strength could be the catalyst for a broader altcoin rally. Tokens such as Solana (SOL) and Chainlink (LINK) have shown support at key levels—$150 and $12, respectively—suggesting potential for further gains in a more diversified market environment [3].

Traders are being urged to monitor technical indicators and institutional flows closely, as the interplay between these factors will likely determine the next phase of the crypto cycle. If Ethereum continues to outperform Bitcoin significantly, it may act as a leading indicator for altcoin movements. However, risks remain if Bitcoin regains dominance or if broader volatility returns to the market.

Source:

[1] https://coinmarketcap.com/community/articles/689a412e14fafa6f2d11d478/

[2] https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-4-000-triggering-110m-short-liquidations-hour-2508/

[3] https://blockchain.news/flashnews/crypto-rover-says-altcoin-season-is-next-after-btc-and-eth-seasons-rotation-trade-implications-for-crypto-traders-btc-eth