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ZEC, SOL, and XRP Rally as Ethereum Breaches $2,000

Ethereum surged above $2,000 for the first time in over two months after the U.S. Treasury announced it would double bond buybacks to $4 billion, triggering a broad crypto rally. ETH peaked at $2,112 before consolidating just under $2,090, with its market cap rising from under $230 billion to $251 billion. The move also lifted total altcoin market capitalization above $1 trillion for the first time in nearly a month. Zcash led the day’s outperformers, climbing 9% to $557, while XRP and SOL gained more than 6%. Analysts said ETH holding above $2,000 could open the path toward $2,250, $2,465, and possibly $2,900, signaling a potential end to the bear market if higher highs are confirmed.

Category

Ethereum

Sentiment

Bullish

Event

Price movement

Reading time

1 min