Ethereum Breaks $4,500 Barrier, Signals Potential Altcoin Rally

Ethereum’s surge towards a new all-time high is fueling optimism in the cryptocurrency market. On-chain data reveals that Ethereum’s value against Bitcoin may have bottomed out, potentially signaling an altcoin rally. CryptoQuant analysts point to this historical trend as evidence for Ethereum’s rebound. This analysis comes alongside growing institutional interest in ETH and a resurgence of DeFi activity.