Ethereum: new ATH | End of records? Here's why ...

We are finally there . After touching it several times in the last week, Ethereum broke its all-time high , setting a new all-time high above $4,400 .

An excellent signal for a blockchain and its token that are, in our opinion unfairly, victims of an attack campaign, albeit at a low intensity, in the specialized press. $ETH instead replied present - when in Italy it was the very early hours of the morning, the coin broke its old record.

This confirms a season of bullish markets also for the altcoin sector . We can invest with eToro - go here to get a free virtual account, with all the TOP features immediately accessible - unique exchange also for automatic crypto trading , since it offers the CopyTrader system - to copy the best ones or spy on how they are operating on the market.

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New all-time high for Ethereum, which confirms itself as the king of altcoins

The situation, if we listed the relationship between the current price and the all-time high for all altcoins , would immediately become clearer. Ethereum surpassed the price level it had reached during the previous run and before the big crash in May and June , while the rest of the fund, albeit large cap, is still a long way from those levels.

What we can say about Binance Coin , which despite the excellent state of health of its reference exchange is still sidereal distances from its all-time high - more than 20% , without thinking about Ripple but also the whole altcoin sector historians such as Litecoin or BCH .

Therefore, although Bitcoin has opened the dance by returning to its all-time highs in advance - until now, of the old guard, it was only Ethereum that followed it.

Great hunger for DeFi protocols - and this is the first push for Ethereum

Always reading the same market data, or the price trend of the last few weeks, another extremely clear data emerges. That is the great interest of the market for all those protocols that can offer solid decentralized finance infrastructures , possibly also passing through the world of NFTs .

From this one you could explain the almost parallel path even some competitor Ethereum network , as they could be Solana and, although not in direct competition, one of ** L2** most important, or $MATIC .

Where can Ethereum go in the next few days?

The markets are in relative turmoil and - also thanks to a mini season of meme tokens , they are going through a phase of great volatility and hit and run interventions even by the big speculators.

Reading these situations is always very difficult - even if we were to seek support in the tools of technical analysis . We believe that the demand smarter that an investor could and should be in the coming hours as it can still last the bull run of ETH and if the new all-time high will springboard or impenetrable wall for the price.

To this end, a bit of fundamental analysis and blockchain events can be of great help - and we can immediately underline how this is happening, albeit for different reasons - the same thing we saw with Bitcoin - that is, a $ETH leak. from exchanges.

Of course, here the compression is also supported by issues concerning for example the burn introduced with the London Upgrade , as well as staking for ETH 2.0 , which for TVL is already among the first in the world, behind Solana and Cardano . With a now chronic shortage of ETH to pour into the market - even miners have had less and less for some time now - the selling pressure can be difficult for bears to organize.

What is certain is that in a market situation of this type, anything can happen - and for those who do not want to ride volatility and rapid price changes, it would be appropriate to pull the oars into the boat and look at our target prices on ETH . With price levels that some accuse of being imaginative, but towards which we are heading full force.