Ethereum's upward trend continues, reaching $4,640 early this morning around 4 AM, just under 5% away from its all-time high. Compared to Bitcoin, which is still fluctuating around $119,000, this shows the rotation of funds.
The continuous price increase has also brought ETH's market value to the global 25th place, surpassing Netflix and Mastercard.
Altcoin Season Coming?
Besides Ethereum, other top ten tokens also show good gains. SOL rose nearly 10% in the past 24 hours, the strongest performer, while ADA also gained 7%.
Bitcoin's market dominance (BTC.D) fell below 60% again yesterday, currently at 59.63%, continuing to create new lows since mid-January. Historically, when Bitcoin's price is at a high point, Altcoins tend to see a catch-up rally, but if BTC starts to correct, other tokens usually drop even more sharply, so investors should still be cautious of risks.
