The cryptocurrency market continues to grow, with a total capitalization of $4.06 trillion. This rise is supported by increasing trading volumes and significant interest in tokens like Ethereum, Solana, and Chainlink.
Current Market Situation
The cryptocurrency market is showing growth with a capitalization of $4.06 trillion. Trading volumes have increased by 12.26%, reaching $218.21 billion. Bitcoin's dominance has decreased to 58.6%, while Ethereum's market share has increased to 12.26%. The fear & greed index is firmly in "greed" territory at 63, and the Altcoin Season Index is at 37/100, indicating an early-stage rotation.
Ethereum Price Analysis
Ethereum is currently sold on exchanges at $4,663.76, +8.58% higher than yesterday’s price. The altcoin now has a market cap of $562.9 billion and $62.1 billion in daily volume. Price action broke through $4,600 resistance, with intraday levels ranging from $4,258 to $4,678. ETH is now just 4.5% below its all-time high of $4,891.70, with the next targets at $4,878, which is an ATH retest.
Solana and Chainlink Price Analysis
Solana is changing hands at a 12.84% premium since yesterday at $197.90, with a market cap of $106.8 billion and daily volume soaring 73.4% to $10.7 billion. Prices ranged from $173.8 to $199.8 today, moving closer to key resistance at $205.87. Chainlink is trading at $24.20 with an intraday gain of 12.75%, with a market cap of $16.35 billion and $2.51 billion in daily volume.
At the moment, the cryptocurrency market is showcasing strong positive trends, driven by increasing interest in altcoins and potential changes in monetary policy.
