ATOM Price Rebounds Amid Ethereum Whale Activity and Altcoin Optimism

Cosmos’ native token ATOM has found strong support near the $4.50 level, gaining attention as Ethereum whale activity surges and traders speculate on a broader altcoin rally. With Ethereum's large transaction volume spiking 164.14% to $7.84 billion in the past 24 hours, analysts suggest that the crypto market could be entering the early stages of an altcoin season—positioning ATOM as a potential beneficiary.

Over the last 24 hours, ATOM-USD showed notable volatility, trading within a 3.5% range. After reaching a peak of $4.619, the price corrected sharply to $4.498 before finding significant buy-side support. At the $4.502 level, buyers stepped in with a substantial 1.63 million volume spike, helping push prices back above $4.56. This buying pressure suggests bullish sentiment remains intact despite short-term corrections.

The formation of a higher low at $4.522 hints at a potential upward trend, though resistance around $4.60 remains a key level to watch. During the intraday session, ATOM briefly rallied to $4.589, fueled by a volume surge at 13:17, where 77,531 units traded. However, this move was met with profit-taking, leading to a 2.1% drop by 13:57. The price eventually stabilized around $4.564, suggesting consolidation after the dip.

As traditional finance uncertainties drive investors toward decentralized opportunities, ATOM's technical resilience and on-chain metrics could attract more interest if broader altcoin momentum builds. Traders are now eyeing a breakout above $4.60 as a potential signal for continued bullish momentum in the Cosmos ecosystem.