Ethereum (ETH), the second-largest cryptocurrency, has also performed strongly in recent times. Although Bitcoin failed to break through the $100,000 mark, Ethereum still maintained a 1.5% daily gain after retreating from an intraday high of just below $4,000. Analysis company CryptoQuant said that strong spot ETF inflows and the booming development of the Ethereum blockchain have made ETH likely to break through $5,000 and set a new record high.

Volatility in the bond market and changes in risk sentiment have prevented Bitcoin from standing firm at the important psychological level of $100,000. At the same time, altcoins, especially AVAX and LINK, have performed strongly, driven by institutional investment and decentralized financial projects. Ethereum's strong performance illustrates the market's optimism about blockchain infrastructure.

The medium and long term remains bullish.

$ETH (spot)

$ETH (Ethereum)