Ether Hits $2,600 as It Outperforms Other Major Cryptocurrencies

TL;DR

• Ether is trading above $2,600 after rallying 2% over the weekend.

• Bitcoin continues to trade above $63k as bulls retain control.

Ether Outperforms Other Major Cryptos

Ether, the native coin of the Ethereum ecosystem, is the best performer amongst the top 10 cryptocurrencies by market cap. ETH is up 2% in the last 24 hours and now trades above $2,600 per coin.

There is no major catalyst behind its positive performance as bulls remain in control following last week’s rally. At press time, Ether’s price stands at $2,645 and could rally higher if the rally is sustained.

Bitcoin, the leading cryptocurrency by market cap, is also up 1% in the last 24 hours. BTC is trading at $63,479, with analysts expecting it to test the $65k level in the coming hours.

While Ether and Bitcoin are in the green, some altcoins are underperforming. Solana’s SOL is down 2% over the weekend and now trades below the $150 mark for the first time in a week.

Ripple’s XRP has also lost 1% of its value, while Dogecoin and TON are down by a similar percentage. The total cryptocurrency market cap remains above $2.2 trillion, up less than 1% today.