Ethereum has shown a notable increase in recent hours, rising by 7% and reaching $2,787, marking its highest level since June 12.
Current Ethereum Growth
On Thursday morning trading, Ethereum surged by 7%, allowing it to hit $2,787. However, it faces significant resistance around the $3,000 mark, above which it has not traded since early February.
Analysts' Opinions
Analysts remain optimistic about further growth. Michaël van de Poppe, founder of MN Fund, noted: 'ETH is nicely grinding back upwards, and it’s on the edge of having a big breakout upwards.' Some experts predict significant liquidation if the price returns to $2,800.
Comparison with Bitcoin
Bitcoin is also showcasing successes, reaching a new peak around $120,000 but later retreating to $111,000. The overall cryptocurrency market capitalization has increased by $100 billion, currently standing at $3.53 trillion. Altcoins, including XRP and Dogecoin, are also showing positive results.
Ethereum continues to influence the cryptocurrency market, though overcoming the $3,000 level remains a tough challenge. Analysts' perspectives highlight positive expectations and the possibility of further movements.
