King cryptocurrency At the time of writing, the unit is at $98,800 and ETH has exceeded $4,000. BTC price While its rise was taking place, ETH remained relatively calm. While some major altcoins were breaking all-time highs, ETH was dreaming of surpassing $3,800. And now the process has begun.
Altcoins May Rise
In today’s market evaluation, Mustache wrote that the first golden cross was formed on the ETH chart after a long time. This is a sign of a bigger rise. More importantly, a process is beginning that will pave the way for the rise of altcoins in general. ETH price especially Ethereum as it rises $3,882.9 There is a general rise led by the altcoins in the ecosystem.
“After more than a year, the first Golden Cross for $ETH occurred. And do you know what happened? This was also the time in the past when Altcoins started running strong. It’s a little different this time, isn’t it? lol.”
Benjamin Cowen insists in his previous assessments that ETHBTC He was warning about a bottom in parity. Today he wrote:
“Remember, last cycle ETH also lagged and did not make new highs until after BTC. As I mentioned, #ETH/#BTC should bottom in the 0.03-0.04 range.”
Despite the recent ETH rise, Cowen expects a deeper bottom, but the resistance overcome in the ETHBTC parity may prevent such a big decline again.
Solana (LEFT)
If there are firsts on the ETH front after a long time, solana should also get its share of this. The rise across altcoins also means more gains for Solana (SOL). Three analysts, known by the nickname Rager, discussed the latest situation specifically for SOL Coin and shared their goals today.
“It’s looking good here, it’s in an uptrend again. Once we break and hold $247+, we should see a retest of the all-time high. “ETH is currently just trying to catch up with SOL and BTC, with SOL still looking great for further upside.”
BTC price is again targeting $100k and it recently tested $99,500. Following liquidations on the futures side, rapid gains may be seen, with it sitting above $100,000 by the end of the week.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
