ETH crosses $2,000 as analyst points to smaller altcoins

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  • ETH price on Binance increased to $2,009.
  • Ethereum’s Shanghai/Shapela upgrade successfully went live on Wednesday, April 12, 2023.
  • Crypto analyst Rekt Capital says that Ether price volatility is a “leading indicator” for altcoins and that the coming weeks could be interesting.

ethereum price The crypto rallied from the $2,000 level to a high of $2,009 on Thursday on the exchange Binance.

ETH price surged above a key hurdle following a successful software upgrade by the world’s largest proof-of-stake blockchain network.

as CoinJournal Thrown light on Earlier on Thursday, ETH tried to move above the psychological level after the Shanghai upgrade. After the upgrade went live and enabled staking ETH, the bulls rejected the negative projections to break the supply zone by August 2022.

ETH Breaks $2,000 as Analyst Says Altcoins Could Get Interesting in the Coming Weeks

According to crypto analyst Rekt Capital, the top altcoin is a “leading indicator for smaller altcoins”. he suggests breakouts for Ethereum This could trigger new momentum for some major altcoins, potentially highlighting the start of alt season.

,ETH is a leading indicator for smaller altcoins. This is why the #ETH breakout could very well set the stage for an interesting period for other altcoins in the coming weeks.Highly respected crypto trader and analyst Said,

Rekt believes bitcoin is a bull market just getting startedBut the price movement of Ethereum shows that the current price could be a good entry point for many alts.

,ETH at $2000. This is one reason why it might be worth entering altcoins early in this #BTC bull markettweeted the analyst.

Ether is currently trading around $1,998, up about 4.8% over the past 24 hours.

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