Ethereum Hits January High Amid Bitcoin Rally

Ethereum hit a seven-month high, surpassing the $2540 mark. The cryptocurrency rose by 30% over the week and more than 55% since the beginning of the third quarter.

ETH/BTC Dynamics

Bitcoin showed modest results: the price settled at $77.3k, up 22% for the week. The ETH/BTC pair reached 0.032, indicating that Ethereum is growing faster than the leading cryptocurrency.

CoinDesk analysts spotted a "golden cross" on the ETH/BTC chart. They believe this suggests the rally has not yet exhausted itself.

Historical Context and Forecasts

• Last summer, Ether grew more vigorously, increasing by 65% over the quarter.
• The currency never reached the promised $4000 from banks.
• Charts tend to repeat themselves, but analytical predictions often fail to materialize.