Ethereum Price Breaks $2,700 for First Time in Weeks, Altcoin Rally Ahead?

Ethereum (ETH) price today has jumped 6.2% in the last 24 hours, outperforming most top cryptocurrencies, including Bitcoin (2.2%), XRP (4%), BNB (1.1%), Solana (3.0%), Dogecoin (5.2%), and Cardano (4.5%).

For the first time in four weeks, Ethereum has surged past $2,700 and is now trading at $2,795.14. Analysts believe this breakout could be the beginning of a new altseason.

Ethereum Price Performance This Month

• Starting price (July 1): $2,484.51
  
• Current price: $2,795.14
  
• Monthly gain: 17.04%
  
• Weekly gain: 7.6%
  
• 24-hour gain: 6.2%
  

Despite a 3.3% drop on the first day of July, Ethereum has delivered strong gains so far this month, beating top competitors in performance.

72 Hours Could Define the Start of Altseason

According to analysts at Swissblock, the next 72 hours are critical. If Ethereum maintains its momentum, it could confirm the start of an altseason. This period would likely see altcoins outperform Bitcoin in the market.

Institutional Interest in Ethereum Rising Fast

• CME Ether Futures Open Interest: $3.27 billion (highest since February 2)
  
• Spot ETH ETFs: Positive inflows for eight consecutive weeks
  

This data reflects growing institutional demand for Ethereum, with investors turning to regulated ETH products to gain exposure.

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Ethereum Technical Outlook

• RSI (Relative Strength Index): 66.71, showing strong buying momentum
• Trading above: 50-day, 100-day, and 200-day moving averages
• Key resistance flip: $2,650–$2,750 zone into support
• Next major zone: Between $3,000 and $3,300 (low-volume area)

Experts warn that failure to hold above $2,750 could lead to a pullback toward $2,375 or a sideways trend.

What to Watch Next

Ethereum’s breakout, rising institutional inflows, and bullish technicals have reignited market excitement. If momentum holds, ETH could lead a new altcoin cycle. The next 72 hours will be crucial in determining whether this is the start of a full-blown altseason or just a temporary spike.

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