Global #bullish sentiment

Ethereum, the world’s second-largest cryptocurrency by market capitalization, is showing promising signs of a potential breakout, with several key metrics turning positive.

In the past 24 hours, the cryptocurrency market has surged by 3.14%, climbing from $2.075 trillion to $2.14 trillion. This notable increase is led by a significant 4.98% rise in Bitcoin's price, which has successfully reclaimed the $61,000 level.

Ethereum (ETH) experienced a notable rebound this week, bouncing back from a low of $2,100 to gain 25% since August 2024 lows. While bullish sentiment persists with expectations of surpassing $2,800 and potentially hitting the psychological $3,000 mark, upcoming market events could introduce volatility.

According to insights from crypto analytics platform Santiment, XRP is currently enjoying its highest level of bullish sentiment in the past 14 months. This surge in optimism comes as traders closely monitor the token, particularly following the observation that its Bollinger Bands have tightened to their narrowest point ever.

In a remarkable turn of events, Bitcoin has surged past the $69,000 mark, rekindling excitement and speculation in the cryptocurrency market. This notable price movement follows a period of consolidation and cautious optimism among investors and analysts.

In a bold symbolic gesture, the Ethereum flag was raised high above the iconic Wall Street bull on Tuesday, marking a significant milestone for the world's second-largest cryptocurrency.