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Bitcoin, Ether Tipped For Upside As ETH Hits 7-Month High

Bitcoin, Ether Tipped For Upside As ETH Hits 7-Month High
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Rewrite the Key points:Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000.Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs.Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary.Bitcoin (BTC) circled $118,500 into Sunday’s weekly close as traders waited for a new upside BTC price breakout.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewTraders: Bitcoin price eyeing $125,000 breakoutData from Cointelegraph Markets Pro and TradingView showed BTC/USD heading higher after a trip below $117,000 Friday.The pair retained much of its gains through the week, still shy of new all-time highs as consolidation took over.Now, traders say, a resistance trend line stands in the way of Bitcoin returning to price discovery above $123,000.“BTC is getting ready for a big move,” popular trader Marcus Corvinus told X followers in a post on the day.“Bitcoin is moving inside a triangle pattern and staying above strong support around $116,000 to $117,000. Right now, it’s going sideways  but not for long.”Uploading a chart showing the trend line in question, Corvinus said that a breakout would take BTC/USDT to $125,000 next.“If it breaks below support, price may fall to $111,000 or lower,” he added. “This triangle is almost full a breakout or breakdown is coming soon. Stay ready. The next big move is close.”BTC?USDT 4-hour chart. Source: Marcus Corvinus/XOn daily time frames, popular trader and analyst Rekt Capital eyed a similar structure.“Bitcoin remains in the Range and the consolidation continues, facilitating further money flow into Altcoins,” he commented on his own chart.“Break this Lower High (black) within the Range however and Bitcoin will challenge the Range High for another breakout attempt.”BTC/USD 1-day chart. Source: Rekt Capital/XEther hits 7-month high into weekly closeAs Cointelegraph reported, altcoins have returned to the radar this week as Bitcoin consolidates.Related: Can XRP price reach $20? These charts say ‘full bull’ phase is still aheadOf particular interest are largest altcoin Ether (ETH) and XRP (XRP), which are both fielding lofty price predictions.“Ethereum has long ago resynchronised with its $2200-$3900 Macro Range,” summarized in part of an X post which included a chart stretching back to late 2023.ETH/USD 1-week chart. Source: Rekt Capital/XCrypto trader, analyst and entrepreneur Michaël van de Poppe called the rebound on ETH/USD “absolutely phenomenal.”What an absolutely phenomenal reversal is this on $ETH. pic.twitter.com/kzCgGUirJG— Michaël van de Poppe (@CryptoMichNL) July 20, 2025

“Ethereum is the first one to move and it has basically ran back to the highs of December ’24. That means that there’s still a lot of upside to come,” he argued at the weekend. “However, most of the Altcoins are still down 50-80% from that high in December ’24, meaning that there’s a ton of upside yet to be made.”ETH/USD 1-day chart. Source: Cointelegraph/TradingViewOn Sunday, ETH/USD traded above $3,750 for the first time since December 18, 2024.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. in well organized HTML format with all tags properly closed. Create appropriate headings and subheadings to organize the content. Ensure the rewritten content is approximately 1500 words. Do not include the title and images. please do not add any introductory text in start and any Note in the end explaining about what you have done or how you done it .i am directly publishing the output as article so please only give me rewritten content. At the end of the content, include a “Conclusion” section and a well-formatted “FAQs” section.

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