Ethereum has rebounded 15% from recent lows and is approaching the $4,000 mark, driving renewed optimism for a broader altcoin season.
Altcoin season chatters are once again picking up in the crypto space, with Ethereum ETH $2 943 24h volatility: 1.3% Market cap: $354.82 B Vol. 24h: $20.82 B leading the broader sector with another 5% gains today and eyeing a breakout past $4,000. Market experts predict a major altcoin rally in the making, with digital assets surging by 200-500%.
Ethereum-Led Altcoin Season Is Here
After hitting the lows under $3,400 earlier this week, Ethereum price has bounced back nearly 15% from there, eyeing a major breakout past $4,000 ahead. Popular analyst Michael van de Poppe stated that he expects a 200-500% rally for most of the digital assets in the next 2-4 months.
He stated that he is currently “all-in” on altcoins.
I remain all-in into #Altcoins as I think that there's 200-500% to be made in the next 2-4 months.
A lot of #Altcoins haven't really gotten back to their levels from early '25.
Of course, some aren't going to be showing momentum, but the recent move of $ETH is the first step…
— Michaël van de Poppe (@CryptoMichNL) August 7, 2025
As said, the ETH price has bounced back swiftly from the weekly lows of $3,400. Thanks to the aggressive and continued buying from ETH treasury firms, SharpLink Gaming (NASDAQ: SBET) and BitMine Technologies (NYSE: BMNR) have seen significant growth.
Furthermore, the ETH/BTC pair has surged 38.53% over the past 30 days, according to TradingView data. Analysts view this rise as a potential signal for a broader altcoin season, suggesting a growing investor appetite for higher-risk assets beyond Bitcoin BTC $87 657 24h volatility: 0.5% Market cap: $1.75 T Vol. 24h: $47.08 B . Popular market analyst Ali Martinez noted that if ETH price breaks past $4,000, then the rally to $6,400 could come like a magnet.
$6,400 becomes a magnet if Ethereum $ETH breaks $4,000! pic.twitter.com/e53iO4h3Xn
— Ali (@ali_charts) August 8, 2025
On the other hand, inflows into spot Ethereum ETFs have gathered pace once again. BlackRock iShares Ethereum Trust (ETHA) saw more than $103 million in inflows on Aug. 7, with total inflows across all US ETF issuers crossing $222 million.
Altcoins Continue to Show Strength
Apart from Ethereum, other top altcoins have also been showing strength. XRP price is up 12% after the latest development of the Ripple lawsuit settlement. The daily trading volume has also surged 172% to $11.5 billion, with analysts predicting another 70% XRP rally ahead.
Similarly, altcoins like Solana SOL $123.9 24h volatility: 0.8% Market cap: $69.65 B Vol. 24h: $3.51 B , Dogecoin DOGE $0.13 24h volatility: 2.4% Market cap: $21.65 B Vol. 24h: $967.70 M , Cardano ADA $0.36 24h volatility: 2.1% Market cap: $13.23 B Vol. 24h: $482.11 M , and Stellar XLM $0.22 24h volatility: 1.3% Market cap: $7.02 B Vol. 24h: $114.63 M have gained between 5-15% each. This shows a strong undercurrent in this sector, which could mark the beginning of a greater altcoin season.
Amid today’s crypto market rally, the broader crypto market liquidations have increased to $407 million, of which $318 million is in short liquidations, according to CoinGlass data.
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