Ethereum is on a strong upward trajectory, rising more than 6% in the past 24 hours to reach a current price of $3,700. While Bitcoin recently smashed through its all-time high, Ethereum still lags behind its ATH of $4,810.
Ethereum’s Price Surge: Over 6% in 24 Hours
Ethereum has been on a bullish run, gaining over 6% in the past 24 hours to reach $3,700. This surge reflects the market's renewed interest in altcoins, especially as Bitcoin nears the $100,000 mark.
Unlike Bitcoin, which has recently breached its ATH, Ethereum remains below its record high of $4,810. Despite this, Ethereum’s consistent growth indicates strong fundamentals and increasing adoption, making it a key player in the crypto market.
ETH/USD 4-hours chart - TradingView
Bitcoin Leads the Market While Ethereum Lags Behind
Bitcoin’s unprecedented rally has pushed its price beyond $70,000, inching closer to the $100,000 milestone. This surge has set a bullish tone for the market, driving interest in altcoins like Ethereum.
Ethereum, however, has yet to reclaim its ATH of $4,810, achieved during the 2021 bull run. Analysts believe this divergence presents an opportunity for Ethereum to catch up as Bitcoin’s dominance sets the stage for broader market growth.
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Ethereum’s price outlook remains cautiously optimistic, with analysts setting short-term targets between $4,000 and $4,200. These levels are seen as achievable if market conditions remain favorable and Bitcoin continues to rally.
ETH/USD 4-hours chart - TradingView
However, the possibility of a dip to $3,200 cannot be ruled out. A retest of this level would provide a strong support base for Ethereum to build momentum toward $4,000 and beyond.
