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Ethereum (ETH) has surged past $3,419, climbing 7.53% in the past 24 hours, as technical indicators and institutional activity position it as one of the best altcoins to watch right now.
ETH’s market cap has reached $412.76 billion, with $52.85 billion in daily volume, marking a sharp 39.91% increase.
At the same time, meme-powered presale project Token6900 has raised more than $722,000, attracting retail traders who are looking beyond Layer-1 assets for speculative upside.
Both Ethereum and Token6900 are now trending as some of the best altcoins for different investor profiles.
After consolidating for eight weeks, Ethereum broke through a historically thin price zone with high volume, confirming a bullish breakout pattern.
According to trader Cazz on X (formerly Twitter), ETH closed multiple weekly candles near its highs, triggering what analysts call “big money behavior.”
Ethereum bull case:
The $ETH/USD weekly chart broke out of an 8-week tight consolidation on high volume, strong closes near weekly highs, and rapid movement through a historically thin price zone. This is classic big money behavior.
Meanwhile, the $SOL/$ETH chart is breaking… pic.twitter.com/B3m700vgvO
— Cazz (@jakecazz) July 16, 2025
This is reflected in the charts, with ETH moving from the $3,100 range to $3,419.36, leaving little resistance between current levels and the next targets at $3,500 and $4,000.
The Wyckoff accumulation pattern has also played out, with Ethereum moving through the “Spring” and “Compression” phases into an upward expansion.
Current technical indicators support this move. The RSI exceeds 80, suggesting strong momentum, while the ADX at 29 indicates trend confirmation.
Derivatives Market and ETF Inflows Fuel ETH Rally
Ethereum’s surge is not only technical but also driven by market structure.
In the derivatives sector, more than $152 million in ETH short positions were liquidated in the last 24 hours, accounting for over half of all crypto liquidations.
ETH futures volumes rose by 27%, and open interest climbed 8.73%, according to Glassnode.
Institutional interest is increasing rapidly. BlackRock’s ETHA index has now accumulated over $5 billion in Ethereum, with $1 billion added since June.
Data from SoSoValue confirms that ETH has seen eight consecutive days of institutional ETF inflows, averaging $120 million per day.
On July 15th alone, net inflows hit $192.33 million, pushing the ETH price to $3,040.88 during the inflow cycle.
Retail and DeFi Investors Return to Ethereum
Arthur Hayes, founder of BitMEX, publicly stated on X: “It’s ETH season,” confirming that his fund is focusing on DeFi projects built on Ethereum.
Ethereum is benefiting from increased demand for real-world asset tokenization, stablecoins like USDC and USDT, and a shift in sentiment away from Solana.
On the SOL/ETH chart, Solana recently broke a long-term support level, reinforcing ETH’s dominance in capital rotation.
SharpLink Gaming also contributed to this momentum, announcing a $225 million purchase of ETH, signaling corporate adoption beyond traditional finance players.
Crypto YouTuber Jacob Crypto Bury also weighed in, predicting that Ethereum could reach $4,771 in the near term if the current momentum continues.
Token6900 Presale Raises Over $722K as Meme Liquidity Surges
While Ethereum leads the Layer-1 rally, speculative traders are piling into Token6900, a meme-driven presale that has now raised $722,398.
The project markets itself as a “Vibe Liquidity” asset, playing on crypto culture’s obsession with numbers like 6900 and meme cycles.
The token’s price recently increased to $0.0066, with a hard cap set at $5 million.
Token6900 is positioning itself as a social and cultural commentary coin rather than a utility asset.
The presale page describes it as “the new global benchmark for brain rot finance,” combining meme trading with nostalgia-fueled 90s aesthetics.
Its tokenomics allocate:
- 40% to marketing
- 15% to vibe coding development
- 10% to liquidity
- 5% to staking rewards
- 5% to rewards/airdrops
- 24.9993% to “does anyone have a dolphin” (community allocation)
- 0.0007% developer lock for 5 years
The presale accepts both crypto and card payments when buying the token, making it accessible to non-crypto-native users looking to enter meme markets.
With Ethereum breaking multi-month resistance levels and attracting both institutional and retail inflows, it continues to lead among the best altcoins for 2025.
Meanwhile, Token6900 is gaining momentum as a speculative presale play for traders seeking high-risk, high-reward meme exposure.
Both assets represent different sides of the current crypto market – Ethereum as a blue-chip altcoin benefiting from ETF flows and Token6900 as a cultural phenomenon in the meme space.
Together, they highlight why investors are looking at these projects when searching for the best altcoins to buy now.
