When Bitcoin takes the headlines, the entire crypto market is closely following. But behind the brilliance of Bitcoin, there is a familiar recurring story for seasoned investors: Ethereum will eventually take center stage—and when it does, other altcoin markets tend to follow.
Now, this story is playing out again.
1. Data doesn't lie.
In the past month, the price of Ethereum has broken through 4700 USD - the highest level since the end of 2021. It has risen by over 30% in the past seven days, surpassing the performance of Bitcoin, showing new strength.
Moreover, Ethereum has recently broken through the resistance level of $4000, a price point that had limited its price for several months. This is not a tentative breakout — but a decisive action supported by a surge in trading volume and institutional participation. The target price range that technical analysts are now discussing is between $6000 and $8000.