The astronomical rally in Ether (ETH) is just not exhibiting any indicators of slowing down. The bulls simply cleared the overhead hurdle at $4,000 right now, which additionally pushed the most important altcoin’s market dominance to over 19%. 

It is just not solely Ether that’s witnessing sharp shopping for from merchants. Litecoin (LTC) and Cardano (ADA) have additionally risen new all-time highs, suggesting a broad-based altcoin rally.

However, Bitcoin (BTC) appears to have misplaced its momentum because it continues to battle close to the $60,000 mark. That has pulled its market dominance to beneath 44% for the primary time since July 2018.

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Daily cryptocurrency market efficiency. Source: Coin360

However, the current underperformance of Bitcoin has not shaken the long-term bulls. Morgan Creek Capital Management founder and CEO Mark Yusko not too long ago stated in an interview with CNBC that Bitcoin will rival the “monetary value” of gold.

“If gold’s monetary value is $4 trillion, then digital gold should move up to that total,” Yusko added. That means Bitcoin should rise to $235,000 sooner or later to satisfy Yusko’s prediction.

Let’s analyze the charts of the top-10 cryptocurrencies to identify the important assist and resistance ranges.