Ethereum $ETH price breaks resistance, ETH altcoins eye 54% rally
ETH surges 13.5% to $3,300, sparking a 54% rise in altcoin prices and renewed interest in Ethereum amid bullish market expectations.
Ethereum (ETH) recently crossed a significant resistance level that ignited expectations of a 54% surge in ETH altcoins prices, which has renewed interest in the altcoins.
Ethereum has increased by 13.5% in the last 24 hours and is trading above $3,300. This bullish momentum comes after BTC recovered a new high after being in bearish territory for over a month.
Ethereum has rallied dramatically in its market performance, posing a great threat to Bitcoin’s long-term supremacy. With this latest rally, analysts believe that ETH will reach $5,000 in the coming weeks. This would be significantly higher than its current price, giving investors more reasons to look forward to Ethereum.
Ethereum’s breakout sparks altcoin frenzy
These months of Ethereum have been a turning point for the cryptocurrency market as a whole. Having traded sideways around $3200 for several weeks, ETH has finally breached the level, reaching $3369.192 on July 15, 2024.
This breakout has not only boosted the confidence in the ETH’s long-term fundamentals but has also sparked a mania among investors desperately looking for the ETH altcoins to make a killing.
