As the market turned bullish, several altcoins displayed impressive performances. However, the latest dataset hinted at a further bull rally for altcoins. According to CoinMarketCap, ETH’s price was up by over 16% last week. However, its value only moved marginally in the last 24 hours. At press time, it was Most metrics turned bearish as well, as ETH’s Relative Strength Index (RSI) and stochastic were in overbought zones at press time.
Both Ethereum’s Korea Premium and Funds Premium were also in the red. This meant that selling sentiment was dominant among funds and Korean investors. To see what caused that surge, AMBCrypto checked the meme coin’s daily chart
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