Ethereum signaling the next bull run for other cryptocurrencies

[ChaoChibai]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

it has already happened, the bull run in cryptocurrency market, but suddenly it has fallen down in one night. bitcoin price was decreasing around 15% and also it happened to the alts such as ethereum. Ethereum price also had another dip and right now the price stuck at $3,400. I really hope these price is not resistance so the price can bounce back to be higher.

[imamusma]

it has already happened, the bull run in cryptocurrency market, but suddenly it has fallen down in one night. bitcoin price was decreasing around 15% and also it happened to the alts such as ethereum. Ethereum price also had another dip and right now the price stuck at $3,400. I really hope these price is not resistance so the price can bounce back to be higher.

Don't worry about the price on Ethereum, because the price of Ethereum will rise again when the market correction is over and Bitcoin will increase again as before, because the price decline on Ethereum occurred due to the Bitcoin crash two days ago.

[Valak]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

I think the position of altcoins is improving, even less dependence on Bitcoin and Ethereum changes. I think the concept this year is much different from the previous one. Pumps will occur on certain coins with a high value. But this kind of pump will not last long, so we need to be careful. Of course there will be a big dump for the coin. We also need to analyze the movement of Bitcoin, so that we can see the condition of crypto in general.

[2tang]

I agree with you that BTC is very instrumental in the growth of other cryptocurrencies, even etherem itself always follows the trend experienced by bitcoin, although currently ETH is experiencing a significant increase I never thought that etherem would determine the increase in other altcoins.

Ethereum has never determined anyone to increase the price in the market, because the one who is still in full control in this case is Bitcoin, so that the increase in Ethereum also involves Bitcoin's involvement in it, both on price resilience in the market and on the effect of increasing Bitcoin prices as a whole.

[sovie]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

You must have got your answer by now. Its the second Bullish run in last 6 monhs by Eth. Agree or not, crypto market is mostly controlled by BTC price and Eth can cross its ATH of 4100$ only if BTC continued its journey above 50k$.
I dont recommend buying ETH at such high price (close to ATH). If someone buys at such high price, chances are he may struck for long period.

[Bollexz1]

I think OP by now has got the answer. When BTC goes up everything goes up and vice verse. Ethereum after falling to 3200$ is now trading around 3500$. I still feel that market is highly unstable and its not the right time to buy BTC or Eth. When Eth was trading around 3900$, there were predictions that Eth next target is 5k$. Nothing is certain in crypto market.

There's no certainty whatsoever when it comes to crypto. Even the experts only speculate after running their technical analysis... And I think that's why some add DYOR and NFA at the back of their post/talk.

[JohnBitCo]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

You must have got your answer by now. Its the second Bullish run in last 6 monhs by Eth. Agree or not, crypto market is mostly controlled by BTC price and Eth can cross its ATH of 4100$ only if BTC continued its journey above 50k$.
I dont recommend buying ETH at such high price (close to ATH). If someone buys at such high price, chances are he may struck for long period.

Ethereum is sowing strong rally but still everything is dependent upon bitcoin. If bitcoin can't clear the resistance and move above 50K, all the altcoins will suffer.

Also i think for short term, ethereum prices may decline but if you are long tern holder, you can buy eth at the current prices.

[peter0425]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

it does not reflect as that , ethereum now is subsiding and some altcoin maintain their momentum so it is different from your observation. right?

and talking about bullrun of all altcoins? bitcoin must lead and not ETH , this has happen in the past but now look at bitcoin dominance? stable in position so altcoin has no movement as that.

[Ararbermas]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

  market during the bullish is totally gaining more attention because of some good news about cryptocurrency especially when it comes ethereum because of the forking and bitcoin because of El Salvador, so don't be surprise why it happened because that's how the market works nowadays wherein it's about good news and FOMO.

[MrcMrc]

In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

  market during the bullish is totally gaining more attention because of some good news about cryptocurrency especially when it comes ethereum because of the forking and bitcoin because of El Salvador, so don't be surprise why it happened because that's how the market works nowadays wherein it's about good news and FOMO.

Ethereum market is currently on a slow bull movement compared to when the London hard fork just happened. Throughout the entire cryptocurrency, the market has witnessed some resistance action since the crash happened over a week ago.

[gurunanakji777]

When bitcoin moves up we can expect movement in altcoins also. In my opinion altcoins value very much depends on Bitcoin value. Can't say the market is signaling a new season or not but I noticed in the past 4 years when BTC rises altcoins also moves up in USD value. Alone Ethereum bullishness will not be helpful for all other altcoins.

[DOH!]

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

In some cases, I agree with that.  Take a look at the price reactions of Ethereum 2.0 as the August hard fork was followed by a massive rally in altcoins like Sol, Avax, ADA, BNB…etc and some predictions that altcoin season has begun.  .  But in some other cases it doesn't map that dependency at all.

[MrcMrc]

Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?

In some cases, I agree with that.  Take a look at the price reactions of Ethereum 2.0 as the August hard fork was followed by a massive rally in altcoins like Sol, Avax, ADA, BNB…etc and some predictions that altcoin season has begun.  .  But in some other cases it doesn't map that dependency at all.

Looking at the current market I will say the altcoin bull season has faced some resistance and not only altcoin is facing this resistance even Bitcoin and other stocks in the market are witnessing the same level of resistance, ADA was performing well in the market in the early last week but it market crash some moments later only Hex coin at the moment still holding it price despite a red chart moment.