The cryptocurrency market as a whole has entered a new phase of enthusiasm. With altcoins following Bitcoin‘s (BTC) surge, the total market value has increased by 7.5% in the last 24 hours, resulting in an inflow of over $150 billion into the market.

整個加密貨幣市場已經進入了一個新的熱情階段。隨著比特幣（BTC）的飆升，山寨幣的總市值在過去 24 小時內增長了 7.5%，導致超過 1500 億美元流入市場。

Ethereum Leads the Altcoin Party

以太坊引領山寨幣黨

While the price of Bitcoin reached $35,000, the highest level of 2023, the altcoin king Ethereum (ETH) surpassed $1,800, gaining 8% in value. The altcoin king is targeting $2,000 as the next move. With its current move, Ethereum’s gain since the beginning of the year has exceeded 50%.

雖然比特幣的價格達到 35,000 美元，為 2023 年的最高水平，但山寨幣之王以太坊 (ETH) 突破了 1,800 美元，價值上漲了 8%。這位山寨幣之王的下一步目標是 2,000 美元。從目前的走勢來看，以太坊自年初以來的漲幅已超過 50%。

According to the technical outlook, Ethereum made a breakout above the $1,745 level after forming a Double Bottom Formation. Other technical indicators also suggest that the rally will continue. If investors continue to hold their open buy orders, there is a possibility of a 12.25% breakout for ETH, reaching $1,958. With such a breakout, investors will start looking for new opportunities with ETH above the neckline resistance, and as a result, a significant increase in trading volume can be expected.

從技術面來看，以太坊在形成雙底形態後突破1,745美元水準。其他技術指標也顯示漲勢將持續。如果投資者繼續持有未平倉買單，ETH 有可能突破 12.25%，達到 1,958 美元。隨著這樣的突破，投資者將開始尋找 ETH 突破頸線阻力位的新機會，因此預計交易量將大幅增加。

The Relative Strength Index (RSI) currently at 75 indicates that Ethereum’s price is positioned to maintain its upward trend. However, investors need to be cautious as overbought conditions may encourage them to take profits or protect their investments. Furthermore, the Money Flow Index (MFI) shows that the advantage is in favor of the bulls. The index tracks the inflow and outflow of money into the market and indicates that control is in the hands of buyers during an uptrend.

目前相對強弱指數（RSI）為 75，顯示以太坊的價格將維持上漲趨勢。然而，投資者需要保持謹慎，因為超買狀況可能會鼓勵他們獲利了結或保護投資。此外，資金流量指數（MFI）顯示優勢有利於多頭。該指數追蹤市場資金的流入和流出，並表明在上升趨勢期間控制權掌握在買家手中。

Market experts emphasize that surpassing the $2,000 level in ETH is a significant milestone for Ethereum bulls. The breakthrough of this level could potentially trigger the next bull run.

市場專家強調，對於以太坊多頭來說，ETH 突破 2000 美元水準是一個重要的里程碑。突破該水平可能會引發下一次牛市。

Cardano (ADA) and Dogecoin (DOGE) Experience Significant Movements

卡爾達諾（ADA）和狗狗幣（DOGE）經歷重大變動

Among the top ten cryptocurrencies, Dogecoin (DOGE) and Cardano (ADA) have gained 8% in the last 24 hours, following a similar trend to Ethereum. BNB Coin (BNB) and Ripple’s XRP have also gained 4% during the same period.

在十大加密貨幣中，狗狗幣 (DOGE) 和卡爾達諾 (ADA) 在過去 24 小時內上漲了 8%，與以太坊的趨勢類似。 BNB 幣 (BNB) 和 Ripple 的 XRP 同期也上漲了 4%。

Meanwhile, the star altcoin Solana (SOL) continues its sideways movement after recording a 30% weekly gain and appears to be in consolidation.

與此同時，明星山寨幣 Solana (SOL) 在錄得 30% 的周漲幅後繼續橫盤整理，似乎正在盤整中。

繼續閱讀：https://en.coin-turk.com/altcoins-join-bitcoin-rally-ethereum-eth-in-focus/