⚡ Ethereum Smashes Past 50EMA — ETH Dominance Roars Back in Bullish Revival!
The Ethereum price is rising again and may hit new highs. The cryptocurrency shattered a key moving average, according to crypto expert Doctor Profit. ETH is regaining prominence.
Good indication, he said, since it means ETH will achieve greater milestones in the coming weeks. The bitcoin market soared after breaking over 2,600 EMA50.
BTC has achieved fresh all-time highs, leading this surge. This suggests that Ethereum will achieve new highs, with $3,600 being the annual high. Reclaiming this level might help ETH recapture the psychological $4,000 level.
Ethereum's burgeoning dominance was noted by crypto analyst Rekt Capital. He stated that this ETH dominance fractal would not repeat 2019–2020. The expert said Ethereum's recent ascent to 10% domination implies it aims to become more market-dominant in the coming months.
BitMEX co-founder Arthur Hayes thinks Ethereum should relocate too. In an X post, he forecast the cryptocurrency may hit $10,000 on this rise. He made this statement while displaying ETH's chart versus BTC, implying he agrees that Ethereum would acquire supremacy in the next months.
He said that altcoin season would begin if ETH hits the “SOS” threshold around $3,000. In his accompanying graphic, he predicted Ethereum will hit $3,200 soon.
This might signal an altcoin season, according to the expert. Ethereum and other cryptocurrencies would outperform BTC throughout this time, which is optimistic. Mikybull Crypto also expects ETH to hit $10,000 this market cycle.
