Ethereum Soars: Altcoin Frenzy as ETH Targets $3,000

While Bitcoin cooled off after its spring rally, a new star emerged this week: Ethereum. On May 29, 2025, ETH broke through months of resistance, surging nearly 11% in just six days and capturing the attention of traders, analysts, and social media influencers alike.It started quietly, early in the week, when Ethereum hovered around $2,450. But as buying pressure mounted, the price shot past $2,700, then $2,789 — a three-month high. On Coincodex, the ETH chart lit up with bullish signals, and technical analysts began whispering about a possible run to $3,000.The numbers told the story. Ethereum’s Relative Strength Index (RSI) climbed to 55, signaling bullish momentum, while Bitcoin’s RSI lagged behind at 48. On-chain data showed Ethereum’s daily active addresses rising by 2%, even as Bitcoin’s dipped. The total crypto market cap soared to $3.44 trillion, with trading volumes spiking 26% to $52.2 billion in just 24 hours.But what’s next for ETH? If you’re looking for detailed forecasts, you can view the latest Ethereum price prediction at CoinCodex. As of today, CoinCodex predicts Ethereum could rise by 6.92% to reach $2,927.08 by June 28, 2025. Their technical indicators show a bullish sentiment, with ETH recording 17 green days out of the last 30 and a 14.68% volatility rate. According to their analysis, it’s currently a good time to buy Ethereum. For those thinking long-term, their scenario suggests that a $1,000 investment today could potentially yield a 91.48% return by September 11, 2025.The altcoin rally wasn’t limited to Ethereum. Solana, Cardano, and XRP all posted double-digit gains, and institutional investors poured $80 million into Ethereum ETFs, compared to $150 million for Bitcoin. The market was diversifying, and traders were taking notice.A quick look at the analytics table told the tale:Analysts pointed to a decoupling from traditional markets, with the BTC/S&P 500 correlation dropping to 0.42. “This could be the start of a new growth cycle for altcoins,” one trader posted in a popular Telegram group.As the week ended, Ethereum’s momentum showed no signs of slowing. With technicals strong, social buzz at a fever pitch, and institutional money flowing in, traders are watching closely. The next stop? If the charts and chatter are right, $3,000 could be just the beginning.