TradingKey – Ethereum Surges Past $3,800 on Its 10th Anniversary, Sparking a New Altcoin Season
In July 2025, Ethereum (ETH) marked its 10-year milestone with a powerful rally, breaking past $3,800 and igniting a broad altcoin surge — lifting tokens like XLM, ADA, and XRP.
This bullish momentum has drawn global investor attention, but also raised key questions:
Let’s dive into Ethereum’s historical cycles, technical resistance levels, and institutional forecasts to assess its trajectory.
Cycle 1: 2015–2020
Ethereum price trend chart (2015-2025), source: CoinMarketCap
Cycle 2: 2021–2023
Cycle 3: 2024–Present
While Bitcoin has already surpassed its previous bull market high, ETH has yet to do so — fueling expectations of a catch-up rally.
Ethereum’s price is influenced by:
ETH’s bull cycles often mirror Bitcoin’s, but its narrative is application-driven:
While Ethereum remains dominant, competition from Solana (SOL), Sei (SEI), and Stellar (XLM) is eroding its monopoly.
Since April 2025, ETH has rebounded 170% from $1,400 to $3,800, approaching the critical $4,000 resistance.
Weekly ETH Price Chart – Source: TradingView
As the U.S. accelerates crypto adoption — including spot ETF approvals, stablecoin legislation, and the establishment of crypto reserves — Ethereum (ETH) is emerging as a top institutional target. According to Strategic Eth Reserve, 58 entities now hold a combined 1.87 million ETH, valued at approximately $7 billion.
Strategic ETH Reserve Holdings – Source: Strategic Eth Reserve
With favorable policy and liquidity conditions, Wall Street analysts are increasingly bullish:
Major financial institutions expect Ethereum to play a central role in future financial infrastructure:
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,000 resistance level in the near term.
If it successfully holds above that threshold, Arthur Hayes’ $10,000 target could become a realistic milestone — driven by accelerating adoption, favorable policy, and expanding use cases across DeFi, NFTs, and tokenized assets.