After another correction on Friday morning, the cryptocurrency market started to rebound as the day progressed, led by BTC and ETH. The latter dipped to $3,200 but later jumped to almost $3,500 and is now 4.5% up on the day.

Despite these short-term fluctuations and ETH’s overall monthly decline, analysts remain optimistic about the asset’s long-term prospects. Ali Martinez, for example, noted that the largest altcoin can indeed break past $5,000 and skyrocket to the next major milestone of $10,000. To do so, though, it might need to plunge once again and clear out the weak hands.

After another correction on Friday morning, the cryptocurrency market started to rebound as the day progressed, led by BTC and ETH. The latter dipped to $3,200 but later jumped to almost $3,500 and is now 4.5% up on the day.

Despite these short-term fluctuations and ETH’s overall monthly decline, analysts remain optimistic about the asset’s long-term prospects. Ali Martinez, for example, noted that the largest altcoin can indeed break past $5,000 and skyrocket to the next major milestone of $10,000. To do so, though, it might need to plunge once again and clear out the weak hands.