With the cryptocurrency market holding strong above $2.15 trillion, a new bullish rally seems imminent. Bitcoin’s dominance has risen to 53.5%, with expectations of hitting the $100,000 mark soon.
However, the increasing volatility among altcoins has sparked questions about their future and dominance in the market. The crypto community is eager to know which altcoin will emerge as the next big player.
The Listing Of EthereumETF Could Be A Game Changer:
The potential listing of an Ethereum ETF this month could result in a significant boost for Ethereum’s price and lead to a potential Altcoin Season in the coming months.
Ethereum Price Shows Bullish Sentiment:
While Bitcoin’s price has seen a slight correction, Ethereum has surged by 1.39%, surpassing the $3,100 mark.
ETH has retested its support zone of $2,800, showing positive momentum for the fourth consecutive day. The token has surged by approximately 12% this week, indicating a bullish trend.
Ethereum’s price is approaching the resistance trendline in the 1D time frame, hinting at a potential bullish breakout in the near future.
ETH Coin Market Sentiments:
The Simple Moving Average (SMA) has shown a positive crossover, signaling bullish activity in the market.
The Moving Average Convergence Divergence (MACD) is moving towards a bullish convergence, indicating a positive outlook for ETH.
Will Ethereum Price Reach $10K This Bull Market?
If ETH continues its momentum, it could break out of its resistance trendline and target $3,730. To reach $10,000, ETH needs to surge by 218%.
On the other hand, a trend reversal could push Ethereum back to its support level of $2,800.
The Emergence of Solana Ecosystem:
Solana has gained attention this year despite a 32% correction from its yearly high. With a market cap of $66.02 billion, SOL is the 4th largest cryptocurrency.
To reach $500, Solana needs to surge by 251.79% from its current price of $142.13.
