A number of currencies are exhibiting significant increases in the aftermath of Ethereum's breakthrough, which is also helping the rest of the altcoin market.
ETH is positioned as the altcoin space's trendsetter with this type of broad increase, which frequently indicates confidence returning to riskier areas of the market.
The rally is hardly risk-free, though. Lower support levels can be tested once more if ETH falls back below $2,850, which would erode the recent momentum. At the moment, however, Ethereum is at the forefront.