Ethereum ($ETH ) is confidently soaring to new heights! At the time of writing, the ETH price is $4717, showing an increase of 8.3% over the last 24 hours. Market makers are diligently pushing the price towards the historical maximum of $4891, and judging by the momentum, breaking the $5000 level is already around the corner. Spot ETFs on $ETH are showing record inflows ($3.28 billion in July), and major players, including whales and corporations, are actively buying up the asset. Indicators like RSI and MACD signal bullish momentum, while the decline in BTC dominance (from 66% to 61%) confirms the rotation of capital into altcoins.
What does this mean for altcoins? A new ATH $ETH could trigger a powerful altseason, where BNB, SPX, and other coins follow the leader. The decline in Bitcoin's dominance already hints at this. 💬 Will we break $5000 or see a correction? Share your predictions in the comments! Subscribe so you don’t miss the latest analytics and insights! 📡#ETH #Binance #Crypto #Trading #Altcoins
