Cryptocurrency enthusiasts are justifiably thrilled as Bitcoin (BTC) $105,727 reaches a new all-time high. BTC recently hit $107,792, marking a daily gain of nearly 4%. Optimism for the coming weeks is on the rise, particularly among altcoins, which are generating significant excitement.
Latest on Ethereum (ETH)
After 1,078 days since 2021, Ethereum’s (ETH) price surpasses $4,100. As the largest altcoin by market capitalization, Ethereum $4,033 has started its delayed ascent, eclipsing its competitors in various metrics. If BTC maintains a price above $106,000, ETH could potentially approach the $5,000 mark, paving the way for a significant altcoin rally.
ETH has lagged behind many cryptocurrencies that are nearing their all-time highs, spending over a thousand days below its current level. A key indicator for an altcoin bull market is ETH’s price performance occasionally outpacing BTC, which tends to reduce BTC’s market dominance and leads to increased liquidity for altcoins.
The current target for ETH is $4,153, with the potential for more gains if it closes above this level. Following this, breaking through the all-time high of approximately $4,861 is anticipated.