$BTC Altcoins Unleash the Surge of Cryptocurrencies as the Market Approaches Euphoria

The total market capitalization of cryptocurrencies jumped 2.7% in the last 24 hours, reaching $3.38 trillion, with a brief increase to $3.40 trillion the night before—marking the highest levels since early February. This rally is largely driven by renewed momentum in altcoins.

The Crypto Fear & Greed Index has risen to 73, approaching the "extreme greed" zone. Despite the strong bullish sentiment, the index suggests there is still room for more gains before entering overbought territory.

Bitcoin (BTC) remains stable around $104,000 for the sixth consecutive day, showing the kind of sideways action typically seen near psychological resistance. These levels coincide with the all-time highs of December-January, which may serve as key turning points.

Ethereum (ETH) is trading near $2,615 after failing to maintain above the crucial level of $2,700, which aligns with its 200-day moving average. After a sharp 55% increase last week, ETH could be due for a consolidation or a correction, with $2,400 as a possible support zone.