Over the past week, Ethereum has made an impressive move, breaking through the key resistance level of $2,850, gaining over 15% and currently trading around $2,955. This move not only solidifies ETH’s position but also kicks off a new “altcoin season” – a period in which other cryptocurrencies begin to outperform Bitcoin.
In this context, views from influential investors such as Ryan Sean Adams, founder of Mythos Capital, is heating up the discussion about the future of Ethereum: Is ETH on Track to Become the Next Global Reserve Asset?
The “Green Money” Revolution: Ethereum Steps Out of Bitcoin’s Shadow
Ryan Sean Adams recently praised the Ethereum community for “successfully executing the green money mission” over the past two months. According to him, the concept of “green money” is not simply about positioning ETH as a means of payment or infrastructure for decentralized applications, but rather a move towards becoming a High yielding and secure store of value – a new asset class in global finance.
While Bitcoin is often referred to as “digital gold,” Ethereum is slowly taking on a position of its own: Combining value storage and profitability, powered by a truly vibrant blockchain ecosystem.
ETH Breaks Out Strongly: Signals from Technical Analysis
Not only is it an emotional story, ETH is also making significant technical progress. Over the past week, ETH has reclaimed key moving averages – the 100-week MA and 200-week MA – at $2,644 and $2,428, respectively. These were key support levels that were lost during the previous decline.
With ETH breaking above $2,850 – a key resistance level – analysts are now eyeing higher short-term price targets ranging from $3,300 to $3,600. If the trend continues, ETH could move closer to $4,000 in the near term.
Long-term perspective: ETH as an international reserve asset
Although ETH is still nearly 60% below its all-time high of $4,900 (November 2021), the growth potential is still huge. Ryan Sean Adams believes that the market is “taking a more serious look at ETH,” with the expectation that ETH will not only be an investment token, but also a pillar of digital finance in the future.
This is also why HVA Group, a leading unit in developing blockchain ecosystems and digital assets in Vietnam, is actively researching and building products related to Ethereum and DeFi. HVA Group not only closely follows international market trends but also strives to create practical application solutions based on the Ethereum platform, serving businesses and the investor community in Southeast Asia.
Ripple Effect: Altcoins Follow Ethereum’s Footsteps
ETH’s breakout is not happening in isolation. The entire altcoin market is also in turmoil, with many tokens posting double-digit gains in a short period of time. This shows that money is flowing back to riskier assets – a sign that market confidence is returning.
However, the market is still risky. If ETH fails to hold the $2,850 mark, the rally could quickly be extinguished. However, for now, Ethereum is still the leading trend, and there may be more surprises ahead.
Conclude
Ethereum is at a historic turning point – not just as a technology, but as a strategic asset in the digital financial era. Ryan Sean Adams’s view is not just an optimistic view, but a wake-up call for investors and innovative businesses: Ethereum is no longer the future – it is the present. HVA Group believes that staying ahead of this trend is the key to joining the digital asset wave in a sustainable, efficient and strategic way.
