Ethereum beats $2,850, sparking 15% rally and Altcoin momentum.
Ryan Sean Adams calls S the “world reserve asset” supported by chain yields.
Analysts say Ethereum's breakout could mark the beginning of a new AltSeason.
Ethereum finally surpassed the $2,850 resistance level, trading 15% this week at around $2,955. This move stimulates fresh excitement across the Altcoin market, suggesting that a new AltSeason may be ongoing – a period when Altcoins outperforms Bitcoin and brings greater profits.
Many investors are beginning to ask as Ethereum is reclaiming its major technology level and a strong new story building.
“Blue Money” Revolution: Ethereum's Bold Brand
Ryan Sean Adams, founder of Mythos Capital, is one of the most vocal supporters of Ethereum's evolving identity. In a recent post about X, he praised the community's efforts.
“The ETH community has run Blue Money Gospel incredible ways over the past two months.”
Adams' Blue Money concept recasts Ethereum as a reservoir asset of decentralized app infrastructure, as well as a reserve of yields supported by a real-life on-chain economy. Bitcoin is considered digital gold and oil remains a valuable classic store, but ETH offers something more – security and Productivity.
His big idea? Ethereum has the potential to become a global reserve asset and is currently attracting attention from both retail and institutional investors.
The ETH community has been running Blue Money Gospel incredible ways for the past two months.
We are now emphasizing our assets on ETH. Value stores like gold, oil, bitcoin and more – but supported by a yielding economy.
That made a huge difference.
Continue.
ETH = World Reserve Asset https://t.co/e9gd4yeknq
– Ryan Sujan Adams – RSA.ETH🦄 (@Ryansadams) July 11, 2025
Destruction: ETH regains its main support zone
After moving to the side for a few weeks, ETH broke through in strength, regaining both the 100-week and 200-week moving averages, currently at $2,644 and $2,428. This type of technical retrieval often indicates that the cave has finished and a new bullish phase has begun.
The $2,850 level has long been a major zone of resistance and support. With ETH currently trading on top of it, analysts are looking at their next target from $3,300 to $3,600. If momentum applies, the $4,000 push is within reach.
Despite this advancement, ETH has been around 60% below its record high of $4,900 since November 2021.
Ethereum comeback opportunity
Since 2022, Ethereum has lagged behind Bitcoin, annoying many holders. BTC has reached an all-time high, but ETH is still catching up. However, its inadequate performance is now considered a potential opportunity.
Adams believes the market is beginning to see ETH new.
“We're now highlighting our asset, ETH,” he wrote in X, urging the community to continue building on this momentum.
If the idea of Ethereum as a reserve asset gains wider support, ETH can bridge the gap with Bitcoin and even change the balance of electricity across the crypto market.
Altcoins follow Ethereum's lead
Ethereum's breakout also lifts the rest of the Altcoin market, with some tokens showing significant profits afterwards. This type of wide movement often shows reliability back to the more risky parts of the market, positioning ETH as a trendsetter in the Altcoin space.
Still, meetings are not without risks. If ETH falls below $2,850, recent momentum could fade away, and a drop in support level could be tested again. But for now, Ethereum is leading the charges.
