Why is the price of Ethereum (ETH) rising today?
The post Why is the price of Ethereum (ETH) rising today? appeared on BitcoinEthereumNews.com.
Today, for the first time since February, the price of ETH has risen above $3,000. But why is Ethereum rising today? The reasons could be three, and what we have witnessed should be the combined effect of these three contributing factors. The crypto markets First of all, there is a rebound in all crypto markets, driven by the new highs of Bitcoin. Yesterday, for the first time in history, the price of Bitcoin exceeded $113,000, while today it even surpassed $118,000. This small but significant boom in the BTC price has started to generate a principle of FOMO, and as often happens, the FOMO ended up spilling over into the entire crypto market in general. Today practically all the main cryptocurrencies are in profit, so much so that the capitalization of the crypto market in just three days has risen from 3.330 billion dollars to the current 3.610. Even more significant was the increase in the so-called TOTAL3, which is the total market capitalization of cryptocurrencies excluding Bitcoin, Ethereum, and stablecoin. TOTAL3 measures the performance of the altcoin sector, excluding the performance of Ethereum, and in the last three days it has risen from 845 million dollars to the current 910. This certifies that price increases are widespread in the crypto market, and not concentrated only on Bitcoin and Ethereum. The altseason index There are also two data points that highlight how in the very last few days altcoins are actually performing even better than Bitcoin, in terms of percentage growth. The first is the so-called altcoin season index of CoinMarketCap, which until three days ago was still below the 25/100 mark, meaning in full Bitcoin season. This index ranges from zero to one hundred and is neutral around the 50 mark. Below 25 points indicates a Bitcoin season, while…
Filed under: News - @ July 11, 2025 12:24 pm