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Ethereum price forecast as ETH dominance jumps to 11.5%

  • Ethereum price is near $3,800 amid fresh upside momentum.
  • Arthur Hayes targets $5k as QCP analysts point to ETH dominance jumping to 11.5%.
  • The broader altcoin market is largely bullish as Bitcoin consolidates after hitting a new all-time high.

Ethereum (ETH) has emerged as one of the altcoins to gain massive attention after surging from below $2,500 to $3,800 and now targeting the $4k level.

Amid price forecasts that see ETH bulls target further gains, Arthur Hayes, former BitMEX CEO, has wondered whether buyers can push to $5k this week.

Analysts at QCP are also bullish on Ethereum as the altcoin’s dominance jumps to above 11% as Bitcoin’s market share drops to 60%.

Ethereum price rises as bulls target more gains

As of writing, Ethereum price hovers around $3,773, slightly off intraday highs of $3,819 reached earlier in the day.

The price level puts Ethereum on track to break above $4,000 amid its latest strong uptrend. According to market data, ETH’s current price is up just 2% in the last 24 hours.

However, the top altcoin’s price is up 24% in the past week and more than 58% in the past month.

Lookonchain has shared data showing ETH whales have aggressively accumulated in the past week, with over $2.7 billion in Ethereum scooped.

Arthur Hayes noted:

ETH price prediction

The Ethereum price is in bullish momentum and has strengthened recovery for most coins, with the Ethereum price gaining amid a surge in its market dominance.

QCP analysts have identified this outlook for ETH and shared their optimistic predictions for the altcoin via X.

Notably, Ethereum is recording a surge in market share dominance as Bitcoin’s dominance slips from highs of 64% to 60%. Ethereum has climbed from 9.7% to 11.6%.

“Is altcoin season finally here? Altcoin season indexes have surged past 50 across major sources, the highest since December. $ETH perpetual open interest has spiked from under $18B to over $28B in a week, and this time it looks like institutions are leading the charge, not retail,” QCP posted.

Per their insights, the GENIUS Act and its signing into law on July 18, 2025, could be a “major catalyst.”

On the bill, the analysts noted:

“It introduces a clear regulatory framework for stablecoin issuance, spurring renewed interest in $ETH and other L1s that host stablecoins.”

In this case, many corporate treasuries are looking to tap into the opportunity with purchases of Ethereum, Solana, XRP, and Cardano. Profits from Bitcoin are going into Ethereum and other altcoins.

The rotation could accelerate Ethereum’s gains, particularly if the US Securities and Exchange Commission approves staked ETH exchange-traded funds.

According to QCP, the market has seen spot ETH ETF inflows outpace Bitcoin’s for two consecutive days. 

The combination of institutional inflows, regulatory clarity, and technical strength positions ETH for a significant breakout.

The post Ethereum price forecast as ETH dominance jumps to 11.5% appeared first on CoinJournal.

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JASMY pumps 15% to outperform the market, targets $0.034

Key takeaways

  • JASMY is one of the top performers in the market, up 16% in the last 24 hours. 
  • The coin could rally towards $0.034 soon amid bullish momentum.

JASMY outperforms the market

Memecoins have been performing excellently over the past few days, with DOGE, SHIB, FLOKI, PEPE, and PENGU all rallying to new monthly highs. JASMY is not left out as the memecoin is up 16% over the last 24 hours.

At press time, JASMY is trading at $0.02008 and could rally higher in the near to medium term. Data obtained from CoinMarketCap revealed that roughly 53% of JASMY’s total circulating supply moved into whale wallets since the start of the month. In addition to that, exchange reserves dropped to their lowest point since 2024. 

This combination of lower supply on exchanges and increased holdings by whales is creating a price squeeze. With fewer tokens available to buy, JASMY’s price is appreciating. 

JASMY eyes the $0.034 resistance level

The JASMY/USD 4-hour chart is bullish but inefficient. The inefficiency could see JASMY grab liquidity around $0.01854 before preparing for another leg up. The technical indicators are extremely bullish thanks to its ongoing rally.

The Relative Strength Index of 70 shows that JASMY is heading into the overbought region. The Moving Average Convergence Divergence (MACD) lines are also within the positive zone, indicating a strong bullish bias.

The memecoin has also formed a double bottom pattern, which is generally viewed as a bullish reversal signal. The double bottom pattern’s neckline lies within the $0.0226–$0.024 range, with analysts looking at these key levels as confirmation of a breakout.

JASMY/USD 4H Chart

JASMY could be looking to hit the first major resistance level at $0.022387, which is also its 4.618 Fibonacci level. An extended rally would allow JASMY to hit the $0.025 resistance level over the next few hours. The February high of $0.03440 remains a medium-term target for the JASMY token. 

On the flipside, JASMY could dip lower if the market encounters a correction. JASMY could retest the weekend’s low of $0.01640. However, an extended bearish performance would force the bulls to defend the TLQ and major support level at $0.01525.

The post JASMY pumps 15% to outperform the market, targets $0.034 appeared first on CoinJournal.