Crypto markets are ticking higher on Monday, with Ethereum notably outperforming Bitcoin on its bounce from weekend lows.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $114,231.74 |
| Ethereum | (CRYPTO: ETH) | $3,556.23 |
| Solana | (CRYPTO: SOL) | $162.35 |
| XRP | (CRYPTO: XRP) | $2.99 |
| Dogecoin | (CRYPTO: DOGE) | $0.2013 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001229 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 0.1% and grew 3.97%, respectively. Daily active addresses dropped by 10.4% and increased by 3.9%, respectively.
- Coinglass data shows 58,070 traders were liquidated in the past 24 hours for $147.33 million.
- SoSoValue data shows net outflows of $812.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $152.3 million.
Trader Notes: Crypto chart analyst Ali Martinez points to a momentum shift for Bitcoin, citing signals from the MVRV ratio, which often precedes trend changes.
Michael van de Poppe observes Bitcoin approaching a key resistance zone, a crucial step toward a new all-time high.
However, a breakout isn’t confirmed yet.
If rejected, a pullback to the $110,000–$112,000 range is likely.
For a sustained rally, Bitcoin must break above $114,800 and $116,800. A temporary dip before a breakout later this month or in September wouldn't be unexpected.
More Crypto Online highlights Ethereum's technical setup, suggesting a breakout above $3,703 could lead to a test of $4,100 in August.
Analyst CW shares insights on XRP and Solana:
- XRP is currently liquidating short positions after flushing overleveraged longs. If price reaches $3.06, a major wave of short liquidations could follow, potentially driving the price higher.
- Solana now ranks third in futures market volume, indicating strong trader interest. A move to $166.8 would trigger significant short liquidations and could cause a rapid price spike.
Trader Tardigrade comments on Dogecoin, noting its RSI is nearing 50--a key pivot between bearish and bullish momentum. If the current uptrend holds, it may signal a shift toward bullish continuation and further upside potential.
Read Next:
- Arthur Hayes Expects Bitcoin’s Pullback To $100,000, Ethereum To Test $3,000 On Trump Tariffs-Induced Headwinds
Image: Shutterstock
