Altcoin ETH reclaims $2,400 target and continues to move towards higher targets.
Stellar Lumens (XLM) looks to be breaking out of a bull flag setup.
Analyst expects XLM price to hit $0.681 before moving to hit $1.29.
The pioneer altcoin Ethereum (ETH) is paving the way for altcoins to finally surge in the coming days ahead. Yesterday, the price of the pioneer cryptocurrency Bitcoin (BTC) soared past 6-digit prices and hit a bull target of $103,000 as many analysts had predicted. Today the price of BTC and ETH are both still highly bullish. Presently, altcoin XLM looks to be breaking out of a bull flag setup and pump towards the $0.681 target.
According to CoinMarketCap analytics, the price of Bitcoin (BTC) has been trading between $103,000 and $104,000 today, after its bullish upward movement from $94,000 to $103,000 since mid week. The pioneer crypto asset pumped 8% bringing its value just over 5% away from its previous ATH price set earlier this year at $109,114.88. Bitcoin’s bullish move led to a steady pump in altcoins prices as well.
Altcoin ETH Reclaims $2,400
To highlight, Ethereum (ETH), the pioneer altcoin asset, followed Bitcoin’s recent pump almost immediately. In particular, according to CoinMarketCap analytics, ETH has been rising steadily, shooting up from the $1,700 to hit $2,000 and is continuing to rise. At the moment, ETH price has surpassed $2,400 showing how the asset has pumped over 30% in the last 7 days.
Analysts are pleased to see how the price of ETH is pumped hard and expect the altcoin to reclaim its previous ATH prices soon. In [articular, ETh has been showing several bullish indicators for months now and it seems the BTC pump has finally triggered a comeback for Ethereum leading analysts to expect new ATH prices soon. What’s more, many analysts believe that the fact that ETH is pumping could finally trigger the long-awaited altseason.
Altcoin XLM Looks to Be on the Verge of a Breakout
Altseason was expected to arrive in Q1 of 2025, but was delayed due to the crypto market entering a prolonged correction phase. Now, the crypto market has recovered and is even pumping steadily, leading the CMC Crypto Greed and Fear Index to a score of 71 marking ‘Greed’ sentiment. Now analysts are looking towards other popular altcoins that could pump exponentially in price over the next few months.
One of the most bullish altcoins right now is Stellar Lumens (XLM). As we can see from the post above, this reputed analyst says that XLM looks to be breaking out of its bull flag-like setup and looks to be getting ready for another major leg up towards the $0.681 target. What’s more, this pump could include a 126% price pump, which could lead to another breakout and a run to the bullish target of $1.291819. Read MoreEthereum News, Altcoin News, News, NewsNow, Altcoin, Altseason, Crypto market, cryptocurrency, ETH, Ethereum, Stellar Lumens, XLM
Cryptonewsland – Your Daily Crypto News
