Ethereum Surges Amidst Bitcoin’s Gains, Potential Altcoin Season Looms

Ethereum is experiencing a notable surge in price today, defying the broader crypto market downturn. Analysts attribute this to investor interest shifting from Bitcoin towards Ethereum, driven by factors like DeFi growth and increased institutional investment. This bullish trend is evident in ETH’s 2% jump to $2,650, while weekly gains exceed 4%, with month-to-date performance reaching over 46%. The surge signifies a growing confidence among investors regarding Ethereum’s potential.