Here’s Why the Crypto Market Is Up Today

Bitcoin just smashed through its previous all-time high and is now cruising above $112,600

Ethereum price is creeping right up to a major breakout level at $2,867, and a bunch of altcoins, like SUI and XRP, are exploding with momentum of their own.

Analysts like JA Schwab, CryptoPatel, WorldOfCharts, and Crypto Rand have been tracking these moves closely, and based on the charts they’ve shared, things are starting to look really bullish across the board.

Bitcoin Breaks All-Time High, Next Stop: $133K?

Bitcoin has been coiling for weeks, stuck in a tight range between $104K and $108K. But once it broke out of that range, it didn’t waste any time, the price surged past its previous high and now has its eyes on $133K.

Source: X/JA Schwab

That target comes from a measured move setup, according to JA Schwab. The structure looks solid, and BTC is trading well above its moving averages. As long as price stays above $108K–$110K, bulls are still in control.

Ethereum Is Right on the Edge of Something Big

ETH price hasn’t broken out just yet, but it’s super close. CryptoPatel spotted a massive inverse head-and-shoulders pattern forming since February

The neckline sits at $2,867, and ETH is testing just below it. If that level breaks with good volume, the chart suggests ETH price could make a run toward $6,000

Source: X/CryptoPatel

Support around $2,400 and $2,198 has been holding strong, and the closer ETH gets to that neckline, the more traders are starting to pay interest.

Altcoins Are Catching Fire – SUI and XRP Leading the Charge

While Bitcoin and ETH dominate headlines, altcoins are quietly putting in major moves. SUI broke out above a long-term downtrend and is now hovering around $3.20

UPDATE $SUI: Wild mode activated. Already +20% Resistance breached and with eyes on the $5 level pic.twitter.com/2O6AKhhone

— Crypto Rand (@crypto_rand) July 10, 2025

Crypto Rand says the $2.90–$3.00 range has flipped into support, and if momentum continues, $5.00 is on the radar.

Source: X/WorldOfChart

XRP isn’t far behind. WorldOfCharts called a clean breakout from a descending wedge, and price has already jumped over 16%. XRP is holding above $2.35 and still has room to move toward the $2.85–$2.90 target if the trend continues.

Read Also: Expert Says Going All-In on XRP Should Be a Priority – Here’s Why

The Trend Is Turning – And Traders Are Noticing

Here’s the pattern we’re seeing: breakout after breakout, with volume backing each move. Bitcoin’s leading the way, ETH lining up its shot, and altcoins are feeding off the strength.

Source: TradingView.com

If support zones hold and breakout levels don’t get rejected, we could be looking at the early stages of a much bigger move across the entire market. Traders are watching it all play out, and this time, they’re not waiting to chase green candles.

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