The crypto markets saw a strong performance this past week, with major cryptocurrencies like Ethereum, Solana, and Cardano posting double-digit gains. Leading the charge was Bitcoin, which briefly surpassed $36,000 to hit its highest level since September, with Ethereum also putting in new highs.

But the spotlight is increasingly falling on an emerging project called Bitcoin Minetrix, a new ERC20 token gaining momentum through its novel “stake-to-mine” concept.

Ethereum Price Jumps Close to $1,900

Ethereum was among the top performers, jumping over 15% to trade around the $1,900 level. After bottoming out at around $1,300 in June, Ethereum has seen a steady recovery. Traders are now eyeing strong resistance at $2,000 which could signal a bullish trend reversal if crossed. The price could revisit $2,000 soon based on positive momentum indicators like the MACD and RSI.

Signs of continued optimism around Ethereum are also emerging on-chain. According to data from crypto tracker Spot On Chain, a major Ethereum whale known as 0xb15 withdrew over 17,000 ETH (worth $31.8 million) from Binance exchange over the past day.

When large holders move significant funds off exchanges into private wallets, it often signals a belief that prices may increase further. By withdrawing to personal wallets rather than keeping coins on an exchange, whales help reduce the liquid supply available on exchanges while also decreasing risks around frozen or seized funds. This recent whale activity highlights robust institutional confidence in Ethereum amidst its ongoing price gains.

Overall, the short- and medium-term outlook appears bullish for Ethereum according to altFINS, although the long-term trend remains bearish.

Solana and Cardano Also See Strong Gains

Besides Ethereum, alternative layer-1s Solana and Cardano also posted double-digit rises this past week. Solana rallied over 20% on the back of its Breakpoint conference held October 30 to November 3 in Amsterdam. The conference gave developers