- Ethereum leads altcoin rally, jumping over 8.8% in 24 hours, breaking past $2,700 resistance with eyes on $3,000, supported by 100% surge in trading volume.
- PEPE coin gained 10% while forming a bullish “golden cross” technical pattern, and Uniswap skyrocketed 25% to $8.16.
Altcoins have contributed majorly to today’s crypto market rally with Ethereum (ETH) leading from the front with over 8.8% gains in the last 24 hours, eyeing the next major upside above $3,000. In addition to it, two other altcoins – Pepe Coin (PEPE) and Uniswap (UNI) – have proved to be major contributors with double-digit upside of 10% and 24% respectively.
The TOTAL 3 market cap i.e. altcoins excluding BTC and ETH is currently at $871 billion. Currently, it is eyeing for a bull-flag breakout, suggesting that it could literally double to $1.7 trillion from here.
Ethereum Bullish Momentum on the Rise
Ethereum price has been leading today’s altcoin rally with 8% gains in the last 24-hours, shooting past the crucial resistance of $2,700, with its next target at $3,000. The ETH daily trading volume has surged by 100% to over $32 billion. Furthermore, the Coinglass data shows that the ETH futures open interest is up by 15%, to more than $40 billion hinting at strong bullish sentiment among traders.
On the other hand, institutional inflows into Ethereum have surged once again. The spot Ether ETFs have registered nearly 15 consecutive days of inflows, with BlackRock’s iShares Ether Trust (ETHA) contributing to most of the inflows, as highlighted in our earlier report. Speaking on the development, popular crypto analyst Michael van de Poppe stated:
“$ETH is looking for a big breakout as it’s building up for one. A strong consolidation of more than a month after the first 90% move upwards. I assume we’ll start to see a leg to $3,400-3,500 if it breaks the resistance at $2,800. The area to hold: around $2,575”.
PEPE Coin Forms A Golden Cross Pattern
Meme coin PEPE is showing a massive bullish trajectory, gaining 10% in the last 24 hours, and is now trading at $0.00001299 with its market cap soaring to $5.45 billion. Furthermore, the daily trading volume has surged 100% to $1.59 billion, hinting at strong bullish market sentiment, as mentioned in our previous story.
Cryptocurrency analyst James Wynn has identified a significant technical pattern forming in PEPE token’s price chart, suggesting a potential bullish breakout may be on the horizon.
According to Wynn’s analysis, altcoin PEPE is approaching a “golden cross” formation on the 4-hour timeframe. A golden cross occurs when a shorter-term moving average crosses above a longer-term moving average, typically viewed by technical analysts as a bullish signal that could indicate upward price momentum.
BREAKING 🚨🐸: $PEPE IS ABOUT TO FORM A GOLDEN CROSS ON THE 4HR.
BREAKOUT IMMINENT 🚀🚀🚀 pic.twitter.com/VesPmaYcFj
— James Wynn (@JamesWynnReal) June 10, 2025
Altcoin Uniswap (UNI) Price Surges 25%
The Uniswap (UNI) price is up 25% today, trading at $8.16, with a market cap of $5.16 billion, and daily trading volumes soaring 300% reaching closer to $1 billion. This rally comes following SEC Chair Paul Atkins unveiled favourable rules for the decentralized finance (DeFi) markets to thrive.
The SEC, under the leadership of Atkins, has outlined its intentions to examine existing regulatory limitations, tackle self-custody issues, and provide specific regulatory relief for certain blockchain initiatives.
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