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Hopefuls call for โaltseasonโ led by Ether rally, analysts not so sure
With the price of Ether nearing $3,000 after a month-long rally, crypto social media believes โaltseasonโ may already be here, though some analysts say otherwise.
The cries are loudening for a potential โaltseasonโ as Etherย ETH$2,933ย approaches the $3,000 level; however, analysts have cautioned it may not come so soon.
On Feb. 19, Ether prices hit an intraday and 22-month high of $2,980. The last time the asset traded above $3,000 was in April 2022.
The price movement has seemingly led many observers toย believeย an โETH bull marketโ is near, while others have declared that โaltseasonโ has already returned to crypto.
โI think there are several powerful catalysts coming up that might spark an altcoin rally,โ agreed Apollo Capital chief investment officer Henrik Andersson in comments to Cointelegraph.
These were primarily Ethereum fundamentals such as the Dencun upgrade and mainnet launches forย scaling solution Blastย and restaking platformย EigenLayer, he said before adding.
#Ethereum(ETH)
#Write2Earn
Hopefuls call for โaltseasonโ led by Ether rally, analysts not so sure
With the price of Ether nearing $3,000 after a month-long rally, crypto social media believes โaltseasonโ may already be here, though some analysts say otherwise.
The cries are loudening for a potential โaltseasonโ as Etherย ETH$2,933ย approaches the $3,000 level; however, analysts have cautioned it may not come so soon.
On Feb. 19, Ether prices hit an intraday and 22-month high of $2,980. The last time the asset traded above $3,000 was in April 2022.
The price movement has seemingly led many observers toย believeย an โETH bull marketโ is near, while others have declared that โaltseasonโ has already returned to crypto.
โI think there are several powerful catalysts coming up that might spark an altcoin rally,โ agreed Apollo Capital chief investment officer Henrik Andersson in comments to Cointelegraph.
These were primarily Ethereum fundamentals such as the Dencun upgrade and mainnet launches forย scaling solution Blastย and restaking platformย EigenLayer, he said before adding.
#Ethereum(ETH)
#Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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