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.

整个加密货币市场已经进入了一个新的热情阶段。随着比特币（BTC）的飙升，山寨币的总市值在过去 24 小时内增长了 7.5%，导致超过 1500 亿美元流入市场。

Ethereum Leads the Altcoin Party

以太坊引领山寨币党

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%.

虽然比特币的价格达到 35,000 美元，为 2023 年的最高水平，但山寨币之王以太坊 (ETH) 突破了 1,800 美元，价值上涨了 8%。这位山寨币之王的下一步目标是 2,000 美元。从目前的走势来看，以太坊自年初以来的涨幅已超过 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.

从技术面来看，以太坊在形成双底形态后突破了 1,745 美元水平。其他技术指标也表明涨势将持续。如果投资者继续持有未平仓买单，ETH 有可能突破 12.25%，达到 1,958 美元。随着这样的突破，投资者将开始寻找 ETH 突破颈线阻力位的新机会，因此预计交易量将大幅增加。

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.

目前相对强弱指数（RSI）为 75，表明以太坊的价格将保持上涨趋势。然而，投资者需要保持谨慎，因为超买状况可能会鼓励他们获利了结或保护投资。此外，资金流量指数（MFI）显示优势有利于多头。该指数跟踪市场资金的流入和流出，并表明在上升趋势期间控制权掌握在买家手中。

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.

市场专家强调，对于以太坊多头来说，ETH 突破 2000 美元水平是一个重要的里程碑。突破该水平可能会引发下一次牛市。

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

卡尔达诺（ADA）和狗狗币（DOGE）经历重大变动

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.

在十大加密货币中，狗狗币 (DOGE) 和卡尔达诺 (ADA) 在过去 24 小时内上涨了 8%，与以太坊的趋势类似。 BNB 币 (BNB) 和 Ripple 的 XRP 同期也上涨了 4%。

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

与此同时，明星山寨币 Solana (SOL) 在录得 30% 的周涨幅后继续横盘整理，并且似乎正在盘整。

继续阅读：https://en.coin-turk.com/altcoins-join-bitcoin-rally-ethereum-eth-in-focus/