Ethereum News Today: Institutional Bets and Upgrades Power Altcoin Bull Case

The crypto market has rebounded from recent volatility, with altcoins such as Ethereum, Solana, and MAGACOIN gaining traction among analysts as top picks for the next bull cycle. Institutional interest and technical indicators are reinforcing bullish sentiment in certain corners of the market, despite persistent bearish pressures on some altcoins.

Ethereum (ETH) has outperformed the broader market, rising 2.52% in the past 24 hours, 8.05% weekly, and 27.42% over the last 30 days. Whale accumulation and the upcoming Fusaka network upgrade are key drivers of this momentum. A major investor recently acquired 138,000 ETH, valued at over $500 million, which is seen as a bullish sign. The upgrade, scheduled for November 2025, aims to improve scalability and gas efficiency, building on the success of the earlier Pectra upgrade, which helped Ethereum's total value locked reach $61.8 billion.

Solana (SOL) has also seen robust performance, rising 3.51% in 24 hours and 7.63% weekly. Analysts point to growing institutional interest and the possibility of an ETF approval as major catalysts. Despite the U.S. Securities and Exchange Commission (SEC) delaying decisions on Solana and XRP ETFs until October 2025, filings from major firms like Grayscale, Bitwise, and CoinShares indicate that regulatory groundwork is progressing. Corporate entities such as Upexi and DeFi Developments Corp have accumulated over $591 million in SOL, further reducing liquidity and supporting bullish price action. With only 540 million SOL in circulation, the reduced supply and increasing staking activity add to Solana’s appeal.

MAGACOIN FINANCE is emerging as a strong altcoin contender, with analysts forecasting a potential 10,000% upside. Built with meme coin characteristics and DeFi integration, the asset operates on a zero-tax structure and emphasizes transparency and security. Analysts highlight its growing community traction and early-stage adoption as factors that could position it for explosive growth in the coming months.

In contrast, some altcoins have struggled with volatility and bearish trends. Dolomite (DOLO), recently listed on Binance, initially saw a sharp rise before retreating to $0.20242. Technical indicators suggest the token is currently below key moving averages, with the 200-day simple moving average at $0.20141. The RSI is in bearish territory, and the Chaikin Money Flow (CMF) remains negative, signaling ongoing capital outflows. However, oversold conditions and potential support levels may offer short-term buyers an opportunity for a rebound.

Market sentiment has improved as Bitcoin (BTC) has regained confidence, trading above $113,000 and contributing to a broader crypto market cap of $3.92 trillion. The rise in altcoins and positive movement in global stock indices have contributed to a risk-on environment. BlackRock CEO Larry Fink has described Bitcoin as a "currency of fear" and a digital store of value, reinforcing its appeal during economic uncertainty. Meanwhile, Standard Chartered has maintained its Ethereum price forecast at $7,500 by year-end and $25,000 by 2028, citing undervaluation in ETH holdings.

Source: [1] Dolomite Price Drops After Binance Listing Amid High ... (https://www.coingabbar.com/en/price-prediction/dolomite-price-binance-listing-drop?srsltid=AfmBOopmhlfmb-YY84KaaC21-1z-q-bgng0jSs_Ns1lHXND9Z8CJUkU2) [2] Ethereum, Solana and MAGACOIN Lead Analyst Picks (https://coincentral.com/top-3-altcoins-for-the-bull-run-ethereum-solana-and-magacoin-lead-analyst-picks/) [3] Bitcoin gained confidence, looking at altcoins and stocks (https://www.fxstreet.com/cryptocurrencies/news/bitcoin-gained-confidence-looking-at-altcoins-and-stocks-202508280929)