Crypto Market Booms in August: Ethereum Breaks Out and Bull Run Potential Rises

The cryptocurrency market is experiencing a bullish phase, accelerating from previous weeks. A significant milestone has been reached as the Total 2 (BTC marketcap) has broken out of its long-term resistance, coinciding with Ethereum reaching all-time highs and record high open interest. This breakout indicates a potential shift towards a sustained bull run. 2025 marks the third time this historical pattern has occurred, after first breaking through in 2016, then again in 2021. This suggests we are entering the final phase of a sustained bull market.