Ethereum (ETH) is back in the headlines—this time for a bullish breakout that traders have been waiting years to see. On August 8, ETH surged past the $4,000 mark and briefly touched $4,200, its highest point since late 2021. The move forced $105 million in short positions to close, giving bulls the upper hand as momentum builds. Driving this rally were $222 million in ETH ETF inflows over just two days, led by BlackRock’s ETHA product. That kind of institutional buying power has reignited speculation that ETH could challenge Bitcoin’s dominance in the months ahead. Meanwhile, capital rotation into altcoins is picking up pace—lifting not just majors like Bitcoin and Solana, but also early-stage projects such as MAGACOIN FINANCE that traders believe could deliver outsized returns. Why ETH’s Rally Matters for the Market Ethereum’s move past $4,000 wasn’t just a chart milestone—it was backed by strong fundamentals. Alongside the ETF inflows, trading volumes spiked to three times their daily average. Bitcoin dominance slipped below 60%, showing clear evidence of altseason activity. Technical traders point to a clean breakout pattern, with a retest of $4,000 potentially setting the stage for another push higher. Layer-2 networks like Optimism and Polygon are also benefiting from the ETH surge, with rising user activity and transaction volumes. Bitcoin and Solana Keep Pace Bitcoin (BTC) is holding steady near $117,000, just shy of its yearly high. Institutional interest remains strong, and analysts believe a breakout above $120,000 could trigger a wave of new buying. Solana (SOL) has also been quietly building strength, now up nearly 10% over the past week to $180.49. Infrastructure upgrades and rising network adoption have fueled optimism, with traders eyeing the $200 level as the next big target. PEPE and SHIB Millionaires Turning to MAGACOIN FINANCE for the Next Big Run While big names dominate headlines, MAGACOIN FINANCE is attracting its own share of attention. PEPE and SHIB millionaires—who’ve already seen most of their upside in earlier meme coin runs—are rotating into MAGACOIN FINANCE in search of the next breakout. The project’s momentum is hard to ignore. Wallet activity is climbing, whales are steadily accumulating, and the presale is moving at record speed. Analysts say the blend of political meme culture, verified smart contract security, and a fast-growing community make MAGACOIN FINANCE one of the most compelling early-stage plays of 2025. Also, investor interest is at an all-time high, and MAGACOIN FINANCE presale demand is exploding. Final Thoughts Ethereum’s surge past $4,000 has sparked a wave of bullish sentiment across the crypto market. Bitcoin, Solana, and Layer-2 projects are all benefiting from the renewed momentum—and smaller altcoins are riding the same tide. With demand rising and presale allocations disappearing fast, MAGACOIN FINANCE is quickly becoming the low-cap name to watch. For investors seeking high-upside plays during this rally, it might just be the next headline-maker of the year. To learn more about MAGACOIN FINANCE, visit: Website: https://buy.magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Ethereum (ETH) Breaks $4K, $105M Shorts Wiped — BTC & SOL Surge as Traders Target a Low-Cap Altcoin With 20x Potential
