On the background of ETH price rising, the value of other cryptocurrencies has also increased. ETC has risen in price by 6%, and the LDO token by more than 11%.
Native tokens Optimism and Arbitrum also increased in value by 22% and 9%, respectively.
SOL gained more than 8% in price and reached $69, the highest level since May 2022. At the same time, crypto investor and founder of the BitMex exchange Arthur Hayes hints at the possibility of overcoming the price threshold of $100.
Sentiment, a cryptanalytic firm, noted that the decline in the price of BTC coincided with traders increasingly calling for a short-term rally.
Traders fear that the cryptocurrency markets may currently be in a bull trap. According to analysts at Santiment, the current situation may actually push the value of BTC to the $50 thousand mark.