Ethereum rises again trading near $3.300 after a 6–7% gain in the prior 24 hours and carrying a market capitalization of $405.000 billion, as broad market fear retreats and selective altcoins register strong moves.
Ethereum’s relative strength extends beyond its nominal price, with the ETH/BTC ratio at 2025 highs near 0,037. The token has cleared a three-month downtrend versus Bitcoin, converting prior resistance into support, signaling improved momentum and a constructive cross-asset setup.
Institutional flows remain an important backdrop for ETH; historical benchmarks include $1.000 billion of ETH ETF inflows over three days in June 2025 and a $240.000 million daily US ETF inflow on 11 de jun. de 2025, while on-chain data shows whales accumulated 260.000 ETH. Technical analysts cited in market commentary now project upside targets as high as $10.000 for ETH in this cycle.
Market sentiment has softened but is far from euphoric. The Crypto Fear & Greed Index nudged to 30 from 22, indicating a move out of extreme fear, while a separate snapshot placed the index near 24. The Altcoin Season Index, remains low at 18–22 out of 100, and Bitcoin’s dominance holds around 59,11%, signaling that liquidity is concentrating on major assets rather than dispersing across smaller tokens.
Ethereum market metrics and sentiment
Despite the muted altcoin backdrop, a group of tokens posted notable gains in the recent short-term window. Canton led with an approximate 19% advance, Maple Finance’s SYRUP surged about 23%, Ethena rose ~11%, and Ondo increased ~8%. AI-linked tokens—Fetch.ai (FET), Worldcoin (WLD) and Virtuals Protocol—registered daily gains in the 6–10% band.
Polkadot (DOT) appreciated 7,6% in a 24‑hour period, Toncoin (TON) edged 1,6% higher, and meme/recreation tokens such as Dogwifhat (WIF) and Pudgy Penguins (PENGU) showed momentum alongside PUMP tokens, which climbed more than 11%. Offsetting those pockets of strength, ZCash (ZEC) posted a weekly loss near 30%, underscoring persistent dispersion of outcomes across projects. Bitcoin’s own 5,4% gain outperformed 18 of the 20 largest tokens in a recent 24‑hour comparison.
These moves reflect targeted capital allocation driven by narratives, token-specific catalysts and liquidity profiles rather than a wholesale re-rating of smaller projects. For traders and portfolio managers, the current regime implies selectivity and higher idiosyncratic risk; profits and losses will be amplified where leverage or margin is used.
Market signals point to a selective rotation favoring Ethereum and a handful of altcoins rather than an immediate, broad altcoin season. For a confirmed altcoin cycle to emerge, the Altcoin Season Index would need to climb above 75 and Bitcoin dominance to fall beneath the 55–60% range — near-term milestones that market participants will watch closely.
