The crypto market is showing serious signs of life again, and this time it’s not just Bitcoin making headlines. Ethereum (ETH) recently surged past the $3,000 mark, a key psychological level that many traders have been eyeing for months. And with that move, talk of a possible altcoin season has quickly returned.
So, what’s driving this sudden surge? According to analyst Evan Aldo, it’s a mix of factors. The market has been expecting U.S. interest rate cuts later this year, and with inflation numbers cooling down, risk assets like crypto are bouncing back. On top of that, rare bullish patterns on Ethereum’s monthly chart has reignited hope, giving many reasons to believe this breakout could stick around longer than previous ones.
But it’s not just Ethereum in the spotlight. Solana (SOL) has also been on a tear, recently surpassing Ethereum and Tron in Q2 blockchain revenue. Its price has steadily climbed, with the analyst predicting it could test $188 in the coming weeks, and possibly stretch to $250–$260 by mid-August if momentum continues. The analyst said that it could reach $400 by the end of the year if market conditions remain favorable.
On the other hand, Avalanche (AVAX) has been a bit slower to catch up but is showing early signs of recovery. New developments in its ecosystem, including the launch of BlackHole DEX, have helped boost user activity. If AVAX holds key support levels, it could aim for $32 in the short term and possibly between $60 to $100 by the end of the year.
When asked where they’d invest if starting fresh today, the expert advised putting 70% into Ethereum, with 15% each in Solana and Avalanche. Their reasoning? Ethereum looks set to outperform for the next few months, while Solana and Avalanche might take the lead in the final quarter of 2025.
