The cryptocurrency market has seen a significant surge over the weekend, with Bitcoin (BTC) approaching $70,000 and altcoins leading the charge. Ethereum (ETH) has gained 3.72% in the past 24 hours, reaching $2,750 and spearheading the altcoin rally. Other cryptocurrencies like SOL, ADA, SUI, and LINK have also joined the upward trend.

Ethereum’s price has held steady above $2,600 for the past week, with analysts suggesting it may have found a bottom after 11 weeks of accumulation. The next target for ETH appears to be $3,000, with potential for further gains to $4,000 if it breaks above that level. Technical analysis indicates an inverse head and shoulders pattern forming on Ethereum’s chart, supporting the bullish outlook.

Solana (SOL) has extended its rally with a 6.39% increase, pushing towards $170. The SOL price has been range-bound between $130-$210 for several months. Crypto analyst Peter Brandt has identified a cup and handle pattern on SOL’s multi-year chart, suggesting a potential breakout above $210 could trigger a significant price surge.

SUI, another altcoin gaining attention, has reversed its downward trend and is currently up 33.88% at $2.15. The token has seen an impressive 460% increase over the past year and could continue rallying to $2.60 if it maintains support above $2.0.

Bitcoin, while part of the overall crypto market rally with 7% gains over the past week, still needs to overcome the $70,000 resistance to reach a new all-time high. However, Bitcoin futures open interest is surging, indicating sustained bullish sentiment among investors.

Last week, US spot Bitcoin ETFs saw over $2.4 billion in weekly inflows, reflecting growing optimism ahead of the US elections. The Bitcoin options market suggests increased volatility around election day, with Republican candidate Donald Trump’s pro-crypto stance potentially influencing market sentiment.

As the crypto market continues its upward trajectory, investors and analysts alike are closely watching key resistance levels and potential catalysts for further growth in the coming weeks.