Will Ether be able to replicate the 2016 Bitcoin bull run with DeFi's momentum? Several analysts believe so.
Several prominent analysts say Ether (ETH) is on the cusp of a major bull run despite already gaining nearly 65% in 2021.
Ether, the native cryptocurrency of Ethereum, rose to $1,161 but immediately corrected thereafter.
The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain, achieved $1,161 for the first time since January 2018.
ETH is making serious inroads in both BTC and USD terms in what a Cointelegraph analyst says is a classic sign that altcoins are coming back from the dead.
Ether (ETH) has broken a critical price point against Bitcoin (BTC), signalling that altcoins may be about to see huge gains.
Cryptocurrency market overview.
Ether price weakness in its Bitcoin pair is bad news for altcoins if ETH doesn't bounce soon.
It's been all about Bitcoin (BTC) in recent months with altcoins suffering as a result and BTC dominance reaching a new local high of 67.5% over the past few days.
However, a reversal typically occurs once altcoins start to show such major weakness and altcoin traders are in depression.
Ether price is struggling despite Bitcoin rising, which may embolden the bears to push the price down below $300 before another major rally can occur.
The cryptocurrency market momentum has swung back to Bitcoin (BTC) recently as BTC dominance and trading volumes have been climbing along with its price.