Bitcoin Explodes, Reaching a New All-Time High of Over $110,000

This week, the crypto market experienced major shocks. Bitcoin exploded, reaching a new all-time high of over $110,000.

This week has seen major crypto market shocks. As Bitcoin blazed a trail, smashing all-time highs above $110,000 and drawing the lion's share of attention, another crypto giant has shown signs of awakening in the shadow of this giant.

While its performances are still far from its past peaks, the world’s second largest crypto has shown strong signs of an imminent awakening. As Ethereum’s development now sparks interest, many questions arise about its future in this ever-changing universe.

Eigen Factor: Ethereum exceeds its limits - a record reigniting ambitions

The spectacular Bitcoin rally begets a key question: will altcoins take over? BTC’s rise is creating an electrifying atmosphere. Especially since some major altcoins, like Ethereum, are beginning to chart interesting trajectories. Investors, often cautious, observe these movements with prudence but also curiosity. After a long period of stagnation, interest is returning to high-potential cryptos.

Kyle Doops, a recognized market figure, highlighted:

"Ethereum finally showed signs of life. After lagging throughout the cycle, it recorded a 50% jump from $1,800 to $2,700."

This surge, coinciding with the Pectra upgrade of May 7, appears to mark a turning point. This technical update enhances the network’s scalability and efficiency, strengthening investor confidence.

However, the market remains volatile. Ethereum, after touching peaks close to $2,700, recently adjusted, trading around $2,550 at the time of writing. This technical pause doesn't diminish the strength of the bullish move. This crypto has never been so closely monitored.

Ethereum and wave theory: a bullish cycle in progress

Technical analysis based on Elliott theory provides insight into Ethereum’s path. This method divides price movements into five impulsive waves, followed by corrections. Since the low of April 9, 2025 at $1,385, Ethereum has unfolded according to this structure. The first three waves were successfully crossed, notably the extended third wave, reaching a high of $2,738.90.

Waves four and five depict typical corrections and relaunches. Wave four formed a complex double three, ranging between $2,478.80 and $2,405.20. Afterwards, Ethereum rebounded in the final wave, with a series of internal movements suggesting the continuation of the ascent.

This instructive reading helps understand why, despite some pullbacks, the trend remains clearly bullish. As long as the support at $2,405 holds, the crypto keeps its chances of breaching its historical resistances. This theory provides traders a reassuring framework to anticipate upcoming moves.

Ethereum on the verge of $3,000? What the key crypto market figures say

Ethereum is more than just a digital asset: it is a platform for innovation. Its future in crypto rests on several strong indicators and landmark events.

Despite a recent decline to $2,550, Ethereum remains a strong contender. Its ability to regain key levels indicates that the crypto is attracting capital again. ETH has even outperformed BTC in relative momentum for several weeks now.

Nehal’s tweet summarizes this dynamic well:

"Ethereum has breached a major horizontal resistance and turned it into support. Technical indicators are showing strength. Expect an acceleration in the coming weeks."

The Ethereum blockchain, a historic driver of the crypto revolution, could well defy all predictions. Arthur Hayes, former CEO of BitMEX, assures that Ethereum is positioned for a strong renewal, with potential greatly underestimated by the markets. This project remains the epicenter of decentralized innovations, and its future promises to be full of surprises.

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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose