Ethereum (ETH) hit a new all-time high of $2.6k on April 22. The asset’s growth is an impressive feat, considering the bearish phase nailing down Bitcoin (BTC) and other cryptocurrencies.
In a by Cointelegraph, the general strength of cryptocurrencies is already evident in Bitcoin’s decreasing market cap dominance. For the first time in about three years, BTC dipped below 50%. Events like this may spark an intense part of altseason, which is when altcoins experience a rapid surge to an apex before cooling off.
Following previous signals from this year’s alt season, investors and analysts are strongly bullish on near-term prospects. Raoul Pal, CEO of Real Vision, noted ETH’s superior gains in contrast to BTC. A trend that has seen ETH/USD grow considerably since the pit of the cross-asset price cash. He explained in a series of :
He also said:
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