Bitcoin (BTC) is still floundering down at $110,000, while the rest of the crypto market is perhaps just starting to rise out of this latest dip. Ethereum (ETH) is still prominent among the altcoin gainers. How far can $ETH go on this next potential bounce?
Total2 primed for a bounce
Source: TradingView
The Total2 chart is an excellent barometer of the health of the altcoins. It tracks the price movement of the combined market cap of all cryptos, excluding $BTC. It can be seen in the weekly chart above that strong horizontal support has been found, and that this coincides with an ascending trendline. Once the current dip is over, of which there are signs, a strong push up in Total2 past the resistance at $1.64 trillion would signal a lift in the altcoins, with $ETH being one of the major beneficiaries. The all-time high is just overhead for Total2 at $1.69 trillion.
$ETH short-term higher highs and higher lows
Source: TradingView
The daily chart for $ETH shows the price
We współpracy z: https://cryptodaily.co.uk/2025/08/ethereum-rally-far-from-over-whats-next-for-eth
