Ethereum

Momentum

PEPE

Gains

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-price-surges-as-altcoin-market-gains-momentum/" data-wpel-link="internal">Ethereum Price Surges as Altcoin Market Gains Momentum</a> 
The <a href="https://en.coin-turk.com/moonbeams-glmr-tops-the-list-of-highest-gaining-altcoins-despite-market-downturn/" data-wpel-link="internal">altcoin</a> king surpassed $4,000 and reached a nine-month peak at the time of writing. This is extremely significant for altcoin traders. After a long period of sluggish movement, Ethereum (ETH) is now gaining momentum following the recent BTC price plunge. 
<h2 style="text-align: justify" id="ethereum-eth-gains-traction">Ethereum (ETH) Gains Traction</h2> 
ETH has not faced massive losses after the recent BTC downturn, enabling it to chase new highs. The price has reached $4,026, marking its highest level since March. Moreover, this surge indicates a potential overall recovery for <a href="https://en.coin-turk.com/current-trends-and-developments-in-the-cryptocurrency-market/" data-wpel-link="internal">altcoins</a>. 
<h2 style="text-align: justify" id="eth-s-performance-against-btc">ETH’s Performance Against BTC</h2> 
After BTC and many <a href="https://en.coin-turk.com/professor-wang-discusses-hong-kongs-crypto-market-prospects-2/" data-wpel-link="internal">cryptocurrencies</a> hit all-time highs, ETH has lagged significantly. ETH needs to break the $5,000 barrier quickly to support a weakening BTC and trigger the anticipated rally for altcoins. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-412728 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/ETHBTC_2024-12-06_18-14-53.png" alt="" width="1814" height="836"> 
The ETHBTC pair shows that maintaining a dip around 0.032 BTC was expected, and that has occurred. However, a breakout is just beginning. If we continue to see closures above the 0.04 BTC level, we could test the range of 0.0460 to 0.0518, indicating a return to bullish trends for ETH against BTC. 
In a previous assessment, it was mentioned that some experts believe PEPE Coin could react quickly in the event of a potential ETH surge. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-412729 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/12/PEPEUSDT_2024-12-06_18-15-36.png" alt="" width="1814" height="836"> 
PEPE Coin has experienced a 6% increase in the last three hours. While a striking peak is yet to be noted, the view that it will benefit from ETH’s rise has been confirmed. 
The post <a href="https://en.coin-turk.com/ethereum-price-surges-as-altcoin-market-gains-momentum/" data-wpel-link="internal">Ethereum Price Surges as Altcoin Market Gains Momentum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Ethereum Price Surges as Altcoin Market Gains Momentum

Table of Contents

COINTURK NEWS

Other articles published on Dec 6, 2024

Sol Sniper Launches First Memecoin Trading Bot for X

Ki Young Ju Identifies Factors for Bitcoin to Reach One Million Dollars

Trump Positions David Sacks As AI, Crypto Czar: What This Means For Crypto?

New Cryptocurrency Releases, Listings, & Presales Today – Megalink, GLDT, AICM Marketplace

Australia Targets Non-Compliant Crypto ATMs with New Task Force

Best Meme Coins to Invest in December 2024: BTFD Coin Raises $1M, Dogecoin Holds at $0.07, and Me...

Join our free newsletter for daily crypto updates!