TOTAL3 Market Cap Completes Cup and Handle As Ethereum Defends $3,520 Support Level

TOTAL3 market cap reached $1.11 trillion, completing a long-term cup and handle formation.

Fibonacci extensions set targets at $1.48T, $1.77T, and $2.23T for future growth.

Ethereum holds $3,520 support after a wedge breakout, with $4,100 resistance in focus.

The TOTAL3 cryptocurrency market cap excluding Bitcoin and Ethereum has closed at its highest monthly value on record. This milestone occurred after the chart established a long-term cup and handle formation, reflecting movements that began in late 2021. At that time, capitalization peaked above $1.2 trillion before a steep decline unfolded throughout 2022.

TOTAL3 Formation of the Cup and Handle

Coin Bureau analysis reveals that the TOTAL3 downturn reached a bottom near $325 billion in early 2023, shaping the rounded base of the cup. From mid-2023, capitalization steadily advanced, moving back toward the $1.2 trillion zone. By mid-2024, the chart registered a close near $1.11 trillion, marking the highest monthly finish to date. The handle formed in early 2025 as the TOTAL3 market pulled back to around $800 billion before rebounding again.

Source: X

The breakout from the handle recovery now positions capitalization at $1.11 trillion. This level has moved beyond previous resistance. Fibonacci extensions outline the next targets on the chart. The 1.618 extension is plotted at $1.48 trillion. A further projection places the 2.0 extension around $1.77 trillion. The 2.618 extension appears higher at $2.23 trillion, providing the final measured milestone from the current structure.

Other Altcoins Combined Go Bullish, What About Ethereum?

As the rest of the altcoin market confirms a positive trend, Ethereum, the leading altcoin by market cap, has not been left behind as analysts eye new price levels. According to an observation by Moustache, the Ethereum price chart displays a right-angled descending broadening wedge pattern. After an extended downward movement during 2022, Ethereum established a base near $1,000 before beginning a recovery phase. The chart shows a significant breakout above the descending resistance line in early 2023, initiating a sustained upward trend.

Source: X

Ethereum’s price advanced steadily, surpassing the $4,000 level before facing resistance and consolidating. The horizontal black line on the chart represents a key support level near $3,520, which has repeatedly been tested. Recent candles indicate that price action retreated toward this support, where a bounce occurred, maintaining the bullish structure. The yellow circle emphasizes the latest retest of this level, showing buyers defending the zone.

The pattern suggests a continuation of upward momentum, with consolidation occurring above the breakout zone. The wedge breakout aligns with the technical expectation of price expansion, with the chart indicating progressive higher highs and higher lows. Historical resistance around $4,100 remains critical for further upward movement. Ethereum’s ability to hold above the $3,520 region shows that support is functioning as a stabilizing level after the breakout, keeping the trend structure intact.