With $BTC already sitting at a fresh ATH, it could be only a matter of days before $ETH claims the same. So, what’s driving this ferocious rally, and where could it head next?
To find out, we turned to Gemini, Google’s AI chatbot. It has real-time access to all major and under-the-radar crypto updates thanks to its direct integration with Google Search.
According to Gemini, since $ETH is essentially in uncharted territory with its previous ATH as the only resistance, we can use the width of the most recent consolidation phase as a projection tool.
Source: TradingView
By mapping the blue box’s width on top of the breakout (with the green box), Gemini landed on a target near $7,500. In plain English, this shows that $ETH can smash through its ATH and hold above it. That’s a potential 60% rally from current levels.
Below, we unpack Gemini’s Ethereum analysis, from the key factors fueling its rally to the technical signals pointing higher. And also why the AI chatbot named Best Wallet Token ($BEST) as the top crypto to buy to ride this wave.
Why Ethereum’s Rally Has Legs
Several factors are fueling ETH’s growth. One of the biggest catalysts is the relentless inflow into ETH ETFs, which have now posted a seven-day streak of net inflows.
On August 11, $1B poured into ETH ETFs in a single day, followed by another $520M on August 12. Even better? Since July, ETH ETF inflows have outpaced BTC ETFs by a whopping $1.5B.
Source: Farside
This isn’t just retail FOMO, by the way; it’s also institutional conviction. $ETH corporate treasuries, for instance, have swelled to $16.5B, with BitMine Immersion Tech alone holding $5.19B worth of $ETH.
The recent 401(k) rule amendment, which now allows cryptocurrencies as retirement investments, also tilts the odds in $ETH’s favor. As retirees diversify, blue-chip assets like Ethereum are expected to be among the first picks.
Gemini’s Top Pick to Ride Ethereum’s Wave
Unlike Bitcoin, Ethereum is not only a store of value but also the backbone of the Web3 ecosystem. In July alone, Ethereum processed 50M transactions – the highest in the past 12 months.
Moreover, its Total Value Locked (TVL) has climbed to a record $95B, making it clear that demand for $ETH is still accelerating.
Want in? Look beyond $ETH itself and toward low-cap, high-upside altcoins. Why? Because an $ETH rally usually precedes or coincides with a full-blown altcoin boom.
The reasoning is simple: in an altcoin season, you need a secure, easy-to-use wallet to safeguard and manage your growing portfolio.
Best Wallet delivers exactly that, pairing top-tier security with seamless usability, making $BEST a strategic play alongside Ethereum in the months ahead.
What Is Best Wallet Token ($BEST)?
$BEST is the native cryptocurrency of Best Wallet – a multi-chain, non-custodial, and free crypto wallet designed to be a one-stop hub for all your crypto investment needs.
Best Wallet has an ambitious goal: capture 40% of the non-custodial wallet market – a sector growing at a rapid 31.9% CAGR – by the end of 2027. And given its security-first, user-focused approach, that target doesn’t seem far-fetched.
Security is at the heart of Best Wallet. It uses Fireblocks’ MPC-CMP technology, a leading digital asset security and infrastructure solution, to safeguard funds.
Plus, as a non-custodial crypto wallet, it gives you total control over your private keys. No third party can access, freeze, or move your assets without your permission.
Combined with excellent multi-factor authentication options and cutting-edge safeguards against hacks, scams, and phishing sites, Best Wallet is undoubtedly one of the most secure wallets out there.
Presales Made Simple: How Best Wallet Is Redefining Convenience
One standout feature is Best Wallet’s Presale Aggregator, which gives you direct access to the hottest crypto presales right from within the app.
No more wasting time hunting down external provider websites, connecting your wallet, and bouncing back to authorize transactions. With Best Wallet, you simply open the app, pick a presale token, and invest.
Even better, every presale token is vetted in-house by the Best Wallet team, helping protect you from rug pulls and scams.
As a multi-chain wallet, Best Wallet supports all major blockchains like Ethereum, Bitcoin, BNB Smart Chain, Solana, and Polygon, with 60+ more coming soon. This means you can manage your entire crypto portfolio in one place, without juggling multiple wallets.
Interoperability? Chef’s kiss. Thanks to its partnership with Rubic, Best Wallet plans to allow multi-chain swaps across 90 blockchains, 330 DEXs, and 30 bridges, making cross-chain transactions faster, easier, and more secure than ever.
Why Should You Buy $BEST?
Buying and holding $BEST not only gives you front row seats to the wallet’s growth but also unlocks a series of exclusive perks, including:
- Early access to the best crypto presales
- Reduced transaction and gas fees across the Best Wallet ecosystem
- Staking rewards (currently 91%)
- Voting rights on key project decisions
Currently in presale, Best Wallet Token has already snagged up a mind-blowing $14.7M in early investor funding, with each token available at just $0.025475.
Hurry up, though, because a price increase kicks in the next 36 hours – meaning this might be your last chance to buy $BEST at such a low price.
Visit $BEST’s official website for more information.
Wrapping Up
Ethereum is just one small push away from a new all-time high. And once it breaks through, the sky’s the limit for ‘digital silver.’
Expert analysis points to a potential $7,500 target, fueled by record ETF inflows, a swelling corporate treasury, and a bullish technical setup.
To make the most of this opportunity, consider Best Wallet Token ($BEST), a utility-driven altcoin in presale that’s built to thrive in the upcoming altcoin boom.
Source: https://bravenewcoin.com/partner/gemini-predicts-ethereum-7500-best-wallet-token-gains