Ethereum News Today: Ethereum Surpasses $4,400 as Altcoins Position for CPI-Driven Rally

The cryptocurrency market is positioning itself ahead of the August 2025 CPI data release, with several altcoins gaining traction as potential beneficiaries of macroeconomic-driven volatility. Analysts have identified five cryptocurrencies—Ethereum (ETH), XRP, Solana (SOL), BNB, and MAGACOIN FINANCE—as top buys in anticipation of a market rally. These assets are being closely monitored for signs of institutional accumulation, regulatory clarity, and technical strength.

Ethereum has seen strong momentum, with ETH surpassing $4,400 for the first time since 2021. This surge is driven by record institutional buying, particularly from BitMine Immersion Technologies, which has expanded its equity offering to $24.5 billion and aims to secure 5% of Ethereum’s total supply. ETH has outperformed Bitcoin in recent weeks, gaining 23% and drawing bullish forecasts from analysts. BitMine chairman Tom Lee predicts a price range between $7,000 and $15,000 for the year, with long-term targets as high as $60,000. This positions Ethereum as a strong contender for a CPI-driven rally [1].

XRP is showing one of the strongest technical setups in the market, trading at $3.15 after climbing 42% in eight weeks. The asset has broken out from a seven-year symmetrical triangle pattern, signaling potential for further gains. Analysts like Ali Martinez forecast near-term targets of $11 to $12.60, with bullish cases extending to $24 and some calling for $50 by year-end. With the SEC lawsuit now settled, XRP is set for its most significant rally in years [1].

Solana has regained momentum, trading at $175 after a 24% rise over two months. Analysts project a potential move to $1,000, which would represent a 475% upside and a $540 billion market cap. Solana’s high-speed network, active developer community, and growing DeFi ecosystem continue to attract institutional and retail attention, making it a high-upside option for August [1].

BNB is consolidating just under key resistance at $828, with bulls eyeing a move to $861 and potentially $1,000. Positive RSI readings indicate sustained momentum, and a potential breakout could see it follow Bitcoin and Ethereum in a post-CPI rally. BNB’s role in the Binance ecosystem and its use in cross-chain transactions and staking rewards make it a key player in the broader altcoin narrative [1].

MAGACOIN FINANCE is highlighted for its unique combination of meme coin virality and DeFi utility. Built on a zero-tax, transparent infrastructure and audited by HashEx and CertiK, it has seen over 12,000 holders and a 420% wallet growth rate. Its security-first approach and community-driven model have made it a compelling speculative play, particularly for investors seeking exposure to emerging tokens [1].

As the CPI report approaches, volatility is expected to rise, and early positioning could yield significant returns. These five cryptocurrencies each bring distinct catalysts for a potential rally in August 2025, reflecting broader market optimism and the growing interest in altcoins as macroeconomic conditions evolve [1].

Source:

[1] 5 Best Cryptos to Buy August 2025 Before CPI Rally – https://crypto-economy.com/5-best-cryptos-to-buy-august-2025-before-cpi-rally/

[2] Chasing a 10x in the Next Bull Run? These Could Be – https://www.mitrade.com/insights/news/live-news/article-3-1030358-20250812