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Ethereum Sets New Record as Altcoins Prepare for Rally

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by Giorgi Kostiuk

2 days ago


Ethereum has finally surpassed its all-time high from 2021, setting new records. Meanwhile, many altcoins have yet to reach their previous peaks, although an altcoin season is expected to commence.

Ethereum's Records

The recent surge in Ethereum has led it to set new all-time highs. Unlike many altcoins, which are still below their previous levels, Ethereum is showing strong market dynamics.

Forecasts for Altcoins

According to PowerTrade, it is anticipated that late 2025 will be a significant period for altcoin growth, particularly for coins like Solana (SOL), XRP, and TRUMP, which could lead the expected altcoin season.

Investor Activity

Bernd Sischka, Co-Founder of PowerTrade, reported that the platform's trading volume exceeded $1 billion in August, with call options making up 68% of that volume. Investors are actively betting on the growth of altcoins like DOGE and LINK, anticipating the potential altcoin season.

The data collected indicates a growing interest from both individual and institutional investors in altcoins. Significant growth is expected in the coming months.

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