Market updates
How ETH, SOL, SUI and AAVE could respond to new Bitcoin price ATHs in 2025
Pemula
2025-01-02 | 5m
Most traders expect
Bitcoin price to hit new highs throughout 2025, and charts suggest ETH, SOL, SUI and AAVE could be the top-performing altcoins this year.
Bitcoin reached the six-figure mark for the first time on Dec. 5, signaling a significant milestone for the
cryptocurrency markets. One of the primary reasons for the gains was the sustained inflows into United States
Bitcoin exchange-traded funds (ETFs).
Bloomberg ETF analyst Eric Balchunas said in a Dec. 17 post on X that spot
Bitcoin ETFs’ assets under management stood at $120 billion, just shy of gold’s $125 billion. He said that Bitcoin funds competing with gold funds within 11 months of launching was “unreal.”
Several analysts remain bullish on Bitcoin’s performance in 2025, as they anticipate institutional adoption to continue. Some believe Bitcoin could rally as high as $500,000 and beyond, but others have more conservative targets. A continued rally in Bitcoin would likely boost sentiment across the crypto sector while attracting solid buying in several altcoins. Based on the current chart patterns, some altcoins stand out and may be worth watching out for.
ETH's current symmetrical triangle acts as a continuation pattern, and the price breaks out in the direction of the prevailing trend prior to the triangle formation. That suggests the
ETH/USDT pair is likely to break out to the upside. For SOL, the bulls will have to push and maintain the price above the resistance line of $116 to signal that the correction may be over. The
SOL/USDT pair may then climb to $260.
Although Sui has a short trading history, it has repeatedly made new all-time highs and held on to a large part of its gains. The upsloping moving averages and the RSI in the overbought territory indicate an advantage to buyers. On the other hand, Aave broke and closed above the $261 overhead resistance, completing a rounding bottom pattern. The bears stalled the rally at $400 and have pulled the price back toward the breakout level of $261. This is an important level to watch out for because a strong bounce off it will signal that the bulls have flipped $261 into support.
Source:
CoinTelegraph
Futures Market Updates
There was not much activity on the first day of 2025, but short positions got liquidated twice more than longs, hence funding rates of more than 0.0100% on both Bitcoin and
Ethereum markets.
Bitcoin Futures Updates
Total BTC Open Interest: $57.95B (+0.80%)
BTC Volume (24H): $49.12B (-49.39%)
BTC Liquidations (24H): $11.43M (Long)/$19.83M (Short)
Long/Short Ratio: 50.26%/49.74%
Funding Rate: 0.0125%
Ether Futures Updates
Total ETH Open Interest: $23.64B (+2.32%)
ETH Volume (24H): $19.37B (-23.01%)
ETH Liquidations (24H): $5.88M (Long)/$9.45M (Short)
Long/Short Ratio: 49.11%/50.89%
Funding Rate: 0.0114%
Top 3 OI Surges
AI16Z: $65.66M (+166.76%)
DGB: $4.77M (+119.63%)
FTN: $1.37M (+89.07%)
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