Ethereum News Today: Ethereum Surges 20% to $3,339 Driving Altcoin Season

The crypto market is experiencing a surge in altcoin activity, with Ethereum leading the charge. Ethereum's price jumped 20% to $3,339, marking its highest level in five months. This significant increase has acted as a catalyst for other altcoins, driving capital rotation from Bitcoin into top Layer-1 altcoins such as Solana, SUI, and SEI.

Following Ethereum's surge, XRP and Solana saw gains of 5%, indicating a broader shift in investor sentiment towards altcoins. Other notable altcoins, including Cardano, Polkadot, and Chainlink, are also gaining traction. This renewed interest is supported by growing institutional involvement and increasing regulatory clarity.

Analysts attribute the current momentum to favorable U.S. legislation. Key bills, including the Genius Act, the Clarity Act, and a bill to block a U.S. CBDC, are expected to pass, further boosting confidence in the crypto market. The Genius Act, which focuses on stablecoin rules, has already passed the Senate and is likely to be signed soon.

CryptoQuant’s MVRV indicator shows sustained altcoin momentum for the first time in over a year, with capital rotating out of Bitcoin into Layer-1s. This trend is evident in the significant gains of SUI (+36%), SEI (+41%), and ETH (+23.3%), while interest in meme coins appears to be fading.

Crypto analyst Michaël van de Poppe believes Ethereum is on a path towards the $4,000 mark. He suggests that any short-term corrections or pullbacks should be seen as buying opportunities. This bullish outlook is shared by other experts who predict that Ethereum's strength will trigger further altcoin euphoria.

Bitcoin price predictions for 2025 vary among experts. Katie Stockton of Fairlead Strategies sees Bitcoin topping at $135,000 based on technical analysis. Ray Wang, founder of Constellation Research, projects Bitcoin to hit $150,000 within six months, driven by sovereign wealth fund inflows and U.S. regulatory clarity. The Bitwise CEO offers the boldest prediction, targeting $200,000 Bitcoin by year-end, citing growing institutional adoption and regulatory support.

Altcoin Daily calls 2025 a “watershed year” for the crypto market, with institutional money flowing in, political barriers breaking down, and altcoins reviving. Whether Bitcoin tops at $135K or $200K, experts agree that the best is yet to come. The current momentum, driven by Ethereum’s breakout and favorable legislation, signals the early stages of a new altcoin season.