The post Ethereum and Altcoins Gear Up for Breakout While Bitcoin Eyes $110K appeared first on Coinpedia Fintech News
The crypto market is picking up again. The total market value has risen to $3.55 trillion, up more than 1% in the last day. Bitcoin is trading near $105,000, and Ethereum is holding around $3,500. The overall mood in the market is turning positive after weeks of quiet trading.
Analysts See Altcoins Getting Ready to Move
Crypto analyst Michael van de Poppe says the altcoin market is showing signs of life again. He believes the long-term trend is still upward and that new highs could come by 2026. Ethereum, he added, is at an important support level and could start to rise faster than Bitcoin once it clears short-term resistance.
If Bitcoin breaks above $110,000, it could push the whole market higher. Van de Poppe expects altcoins to benefit the most when that happens.
Big Picture: Market Confidence Is Returning
News that the U.S. government shutdown may soon end is helping investors feel more confident about riskier assets, including crypto. According to analysts, that shift could attract more institutional investors, large funds and companies, into the space.
“We haven’t really seen the full bull run yet,” said van de Poppe. “If institutions keep buying, the next phase could be much stronger than most expect.”
Altcoins Showing Strength Across the Board
Several altcoins are flashing bullish signals.
Arbitrum (ARB) shows a strong reversal pattern and could see a 200% move against Bitcoin, driven by high activity in the Ethereum Layer-2 space.
Sei (SEI) continues to hold firm support and looks poised for a breakout.
NEAR Protocol (NEAR) gained over 50% in a week and now targets the $5 zone after breaking resistance.
Van de Poppe summed it up: “Altcoins are bottoming out. This quarter could surprise everyone who thought the rally was over.”