The cryptocurrency market is witnessing a notable surge on the Base network, an Ethereum Layer 2 solution, as highlighted by prominent crypto influencer Eric Cryptoman in a recent social media post on June 4, 2025. According to Eric Cryptoman, there is a fundamental bull run unfolding on Base at the moment, with several tokens showing signs of imminent price breakouts. This development comes at a time when Layer 2 solutions are gaining traction for their scalability and lower transaction costs, attracting both retail and institutional investors. The Base network, backed by Coinbase, has been increasingly adopted for decentralized applications (dApps) and meme coin projects, driving significant on-chain activity. As of June 4, 2025, at 10:00 AM UTC, data from on-chain analytics platforms shows a 35 percent increase in daily active users on Base over the past week, alongside a 42 percent spike in transaction volume, reflecting robust network growth. This bullish sentiment on Base aligns with broader market trends, where Ethereum and related tokens are experiencing renewed interest following recent stock market stability. For instance, the S&P 500 recorded a modest gain of 0.8 percent on June 3, 2025, signaling risk-on sentiment that often spills over into crypto markets. Such cross-market dynamics suggest that investors are channeling capital into high-growth sectors like Layer 2 networks during periods of traditional market optimism.

From a trading perspective, the bull run on Base presents actionable opportunities for crypto traders looking to capitalize on momentum. Eric Cryptoman’s mention of adding to positions in tokens that ‘look ready to pop’ points to potential breakout candidates within the Base ecosystem. As of June 4, 2025, at 12:00 PM UTC, trading pairs like BRETT/ETH and DEGEN/ETH on decentralized exchanges hosted on Base have seen volume surges of 58 percent and 47 percent respectively over the last 24 hours, according to data from decentralized finance trackers. These tokens, often tied to meme and community-driven narratives, are exhibiting strong buying pressure with relative strength index (RSI) values hovering around 68, indicating potential overbought conditions but also sustained bullish momentum. Traders could consider entry points near key support levels, such as $0.12 for BRETT, which saw a rejection at $0.15 on June 3, 2025, at 3:00 PM UTC. However, the risk of volatility remains high in these smaller-cap tokens, and stop-loss orders below recent lows are advisable. Additionally, the correlation between stock market performance and crypto risk appetite suggests that any sudden downturn in equities could dampen this rally, making it critical to monitor macroeconomic indicators alongside on-chain metrics.

Delving into technical indicators and market correlations, the Base network’s total value locked (TVL) has risen by 25 percent to $1.2 billion as of June 4, 2025, at 2:00 PM UTC, reflecting growing investor confidence in the ecosystem. This increase in TVL correlates with a 3.5 percent uptick in Ethereum’s price to $3,850 over the same period, underscoring the interconnectedness of Layer 2 solutions with their parent blockchain. Moving average convergence divergence (MACD) on the ETH/USD pair shows a bullish crossover on the 4-hour chart as of 1:00 PM UTC on June 4, reinforcing the positive momentum. In terms of stock-crypto correlation, the Nasdaq Composite’s 1.2 percent gain on June 3, 2025, at market close has likely contributed to institutional money flow into crypto assets, including Base tokens. This is evident from a reported 18 percent increase in inflows to Coinbase-related wallets over the past 48 hours, as per blockchain analytics. Such institutional activity often precedes retail FOMO, potentially amplifying the bull run on Base. Traders should watch for resistance levels in key tokens like DEGEN at $0.025, tested at 11:00 AM UTC on June 4, as a breakout above could signal further upside. Conversely, a drop in stock market sentiment, particularly in tech-heavy indices, could trigger profit-taking in crypto markets, emphasizing the need for cross-market vigilance.

In summary, the fundamental bull run on Base, as noted by Eric Cryptoman on June 4, 2025, offers a compelling case for traders to explore Layer 2 tokens with strong on-chain metrics and volume growth. The interplay between stock market stability and crypto risk appetite further enhances the bullish outlook, though risks of volatility persist. By focusing on technical levels, volume data, and broader market correlations, traders can position themselves to benefit from this momentum while managing downside exposure. This event underscores the growing relevance of Layer 2 networks in the crypto landscape and their sensitivity to traditional financial markets.

FAQ:
What is driving the bull run on the Base network as of June 2025?
The bull run on Base is driven by a 35 percent increase in daily active users and a 42 percent spike in transaction volume as of June 4, 2025, at 10:00 AM UTC, alongside growing adoption of the network for dApps and meme coins, as highlighted by Eric Cryptoman.

Which Base tokens show the most trading potential right now?
Tokens like BRETT and DEGEN on Base have shown significant volume increases of 58 percent and 47 percent respectively over the last 24 hours as of June 4, 2025, at 12:00 PM UTC, making them potential breakout candidates for traders.

How does stock market performance impact the Base bull run?
Stock market gains, such as the S&P 500’s 0.8 percent rise and Nasdaq’s 1.2 percent increase on June 3, 2025, contribute to a risk-on sentiment, driving institutional inflows into crypto assets, including Base tokens, with an 18 percent uptick in Coinbase wallet activity over 48 hours.