Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows.
Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum.
The second-largest cryptocurrency and foremost altcoin was up 10% on Saturday, surging higher on the back of an influx of buying pressure. It was a move that allowed Ethereum to break past a crucial resistance.
Although Bitcoin has yet to follow Ethereum higher, analysts say that ETH’s strength could drag the rest of the market higher.
Ethereum’s Strength Could Boost Bitcoin
One prominent trader asserted that ETH’s ability to continue to “hammer” past key resistances is adding fuel to the Bitcoin bull case:
“ETH continues to hammer up, dragging BTC past a $10k breakout. That adds fuel to ETH until ETH has…
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