**Ethereum Leads Altcoin Surge Amid Cryptocurrency Market Rally**
Over the weekend, the broader cryptocurrency market experienced significant growth, with Bitcoin reaching almost $70,000 and various altcoins participating in a fresh surge. Ethereum led the altspace with 3.72% gains in the previous 24 hours, propelling it to $2,750 levels. This latest rally follows a period where Ethereum held firmly at $2,600 throughout the prior week. Many analysts now believe that Ethereum has likely reached its bottom after eleven weeks of consolidation and anticipate rallies towards $3,000 and beyond. Additionally, former President Donald Trump’s increasing chances of winning the upcoming U.S presidential election have sparked enthusiasm among investors for a broader cryptocurrency market rally.
Meanwhile, Solana extended its ongoing rally by gaining an extra 6.39%, pushing prices up to approximately $170 per token – a position it had maintained between $130-$210 for months prior. Renowned crypto analyst Peter Brandt highlighted that Solana was creating a “cup and handle” pattern on a multi-year chart; should there be a breakout above $210, it would pave the way for continued price escalations. Another popular coin benefiting from this current surge is Sui (SUI). Currently priced at around $2.15 following an impressive increase of 33%. As long as SUI maintains support at around $2 while demonstrating upward momentum on charts indicating trends towards higher positions such as $2.6 later down the line.. Finally looking toward bitcoin (BTC), although enjoying substantial weekly gains amounting to over seven percent overall during this past week – bitcoin must first overcome obstacles including breaking through previous barriers posed by resistance at around £7k before securing any hopeful record high prices post-October elections which also coincides nicely with forward implied volatility clustering near poll day itself . Despite these challenges however , Bitcoin futures open interests are steadily climbing reflective investor confidence concerning longer term prospects particularly given trump’s positive stance towards crypto assets.”
