Ethereum Is Rushing to Update ATH
Ethereum (ETH) is gaining 1.8% to $4,568 on Monday, outpacing Bitcoin (BTC), which is up 1.0% to $123,835. The crypto market has resumed its upward trend, supported by growing political uncertainty in the United States and expectations that a weakening labour market could prompt further interest rate cuts by the Federal Reserve.
Bitcoin has set a new all-time high at $125,799, while Ethereum reached $4,621. The leading altcoin has broken through resistance at $4,500, opening the way toward the key $5,000 level. With momentum building, ETH now has a strong opportunity to surpass its previous record high of $4,955.
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