Bitcoin Targets $125K Breakout as Ethereum Tops $3,750
Key Takeaways:
Bitcoin is consolidating just under resistance, forming a technical triangle that could trigger a breakout to $125K or a drop to $111K. Ethereum has surged to its highest price since December 2024, reclaiming macro range highs and leading a potential altcoin resurgence. Market sentiment is warming, and the next major move appears imminent.
Bitcoin Consolidates Before the Storm
As the crypto market heads toward the weekly candle close, Bitcoin is moving within a narrowing price range, holding just below $118,500. Despite briefly dipping below $117,000 on Friday, BTC has retained most of its weekly gains, maintaining a strong technical structure above key support at $116,000.
Traders are now closely watching a symmetrical triangle pattern forming on lower timeframes. According to trader Marcus Corvinus, Bitcoin is “getting ready for a big move.” He believes that if BTC breaks above the upper resistance trendline, the market could quickly target $125,000. However, a failure to hold support might drag prices down toward $111,000.
This technical view is supported by Rekt Capital, who points out that Bitcoin remains trapped within a broader range. Still, if BTC can break through the current lower high, the top of that range could be challenged once again, opening the door to fresh price discovery.
The triangle is nearly complete. All eyes are now on the breakout—or breakdown—that could define the next leg of this market cycle.
Ethereum Breaks Out Ahead of the Pack
While Bitcoin moves sideways, Ethereum is already pushing higher. On Sunday, ETH/USD broke above $3,750 for the first time since December 18, 2024. The move marks a clean breakout and places ETH firmly back at the upper bound of its long-term macro range between $2,200 and $3,900.
Analyst Michaël van de Poppe called the move “absolutely phenomenal,” noting that Ethereum is the first major altcoin to reclaim its December 2024 highs. He emphasized that most other altcoins remain well below their previous cycle tops, suggesting significant upside potential remains in the broader market.
Rekt Capital echoed that optimism, stating that Ethereum has “resynchronized” with its macro range, a signal of renewed trend alignment and structural strength. The price action indicates growing investor confidence and could act as a catalyst for a wider altcoin rally.
This surge in Ethereum comes as capital begins rotating away from Bitcoin during its consolidation. With ETH leading the charge, traders are anticipating that undervalued altcoins—many still down 50–80% from their late-2024 highs—could soon follow.
A Market on the Edge of Acceleration
The current phase of the market is defined by compression. Bitcoin is coiling inside a tight structure, and Ethereum is breaking out of its own. The contrast between BTC’s caution and ETH’s strength is creating a dynamic tension across the crypto space.
For now, Bitcoin must overcome a key resistance level before it can reclaim momentum toward $125,000. If the breakout fails, support at $116,000—and ultimately $111,000—will be tested. But if BTC can rally through resistance, the market may re-enter price discovery mode, pulling altcoins into a broader uptrend.
Ethereum’s breakout has already reinvigorated sentiment, and its leadership is a bullish signal. Traders and investors are watching closely to see whether this momentum spreads across the rest of the market.
As the weekly close approaches, the setup is clear: consolidation is nearing its end, volatility is building, and the crypto market is standing at the edge of its next major move.
