As the crypto market is on the rise, after Bitcoin, Ethereum seems to be leading the pack by trading above $4000. Crypto bulls are pushing the coin to close the distance to ATH at $4,400.
The phenomenal performance of Bitcoin is shining a light on other altcoins as well, and Ethererum isn’t the only one that’s on the rise. Solana is trading at $81.77 at the time of writing, with a 16.27% increase in the last 24 hours. Other double-digit gainers include OKB and Litecoin, with 21.20% and 11.31%, respectively. Moreover, there are several altcoins that are acquiring considerable double-digit gains.
Over the last couple of weeks, Ether has kept the uptrend intact but didn’t make it to $4000 until now. It is mainly because BTC was shaking the ground for new levels. Currently, Bitcoin is quite close to hitting its ATH price.
Undoubtedly, Ether has come a long way in the last 24 hours, first defending support at $3800. Later, it passed beyond the critical supply zone marked in red. It hit its ATH in May of $4,400 and it is anticipated that Ether will soon achieve that in the coming days. At the time of writing, it is trading at $4,174.08, according to CoinMarketCap.
Etheruem is the most prominent smart contracts coin. Bulls believe that it will be only a matter of time when it will hit $4,400 and blast into the subsequent price discovery phase.
Ethereum Price Intraday Levels
Spot rate: $4,174
Trend: Strongly Bullish
Resistance: $4,400
Support: $4000
