Could Ethereum’s Surge Ignite the Next Big Altcoin Bull Run?
- Ethereum has rebounded over 100% from $1,380 to above $2,800 amid sustained institutional ETF investments.
- Analysts predict Ethereum could reach between $10,000 and $14,000 by year-end.
- A breakout in the ETH/BTC pairing is the key trigger for a major altcoin bull run.
As Bitcoin reclaimed the $110K threshold last night, Ethereum (ETH) followed with a major comeback, pushing its price above $2,800. Notably, ETH was last seen at the $2,800 level in February, after which its price dipped to $1,380 during that period.
At press time, Ethereum is trading at $2,787, having retraced slightly but still boasting a 5% daily gain. With a market cap of $336.57 billion and a 24-hour trading volume of $34.43 billion, Ethereum’s momentum is catching the attention of market watchers. They are now speculating on how it could impact the broader altcoin market.
What’s Driving Ethereum?
Ethereum’s impressive price surge follows significant institutional investments, particularly through ETFs. For 16 consecutive trading days, Ethereum spot ETFs have continued to register inflows. The latest figure from Tuesday shows new investments totaling $125 million.
Most of the…
The post Could Ethereum’s Surge Ignite the Next Big Altcoin Bull Run? appeared first on Coin Edition.
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Could Ethereum’s Surge Ignite the Next Big Altcoin Bull Run?
- Ethereum has rebounded over 100% from $1,380 to above $2,800 amid sustained institutional ETF investments.
- Analysts predict Ethereum could reach between $10,000 and $14,000 by year-end.
- A breakout in the ETH/BTC pairing is the key trigger for a major altcoin bull run.
As Bitcoin reclaimed the $110K threshold last night, Ethereum (ETH) followed with a major comeback, pushing its price above $2,800. Notably, ETH was last seen at the $2,800 level in February, after which its price dipped to $1,380 during that period.
At press time, Ethereum is trading at $2,787, having retraced slightly but still boasting a 5% daily gain. With a market cap of $336.57 billion and a 24-hour trading volume of $34.43 billion, Ethereum’s momentum is catching the attention of market watchers. They are now speculating on how it could impact the broader altcoin market.
What’s Driving Ethereum?
Ethereum’s impressive price surge follows significant institutional investments, particularly through ETFs. For 16 consecutive trading days, Ethereum spot ETFs have continued to register inflows. The latest figure from Tuesday shows new investments totaling $125 million.
Most of the…
The post Could Ethereum’s Surge Ignite the Next Big Altcoin Bull Run? appeared first on Coin Edition.
Read More