Despite Bitcoin’s sell-off at $69,000, ETH continues to show strength, and bulls appear to be targeting the $4,000 level.
Ether (ETH) rallied to a new year-to-date high of $3,822 on March 5 after rallying 8% over the last 24 hours. The second largest cryptocurrency by market capitalization is up 15% over the last seven days and 132% over the last 6 months.
Data from Cointelegraph Markets Pro and TradingView show Ether’s price was hovering around $3,796, about 28% shy of its all-time high of $4,891 set on Nov. 26, 2021.
Accompanying ETH’s rally is a 68% leap in daily trading volume, currently at $33.29 billion. With a market capitalization of $453 billion, Ether cements its position as the second most valuable cryptocurrency, according to CoinMarketCap.
