Ether Surges Past $2,700 as Altcoin Momentum Returns

Ethereum (ETH) surged past the $2,700 mark on Tuesday, staging an unexpected comeback after weeks of lagging behind its larger counterpart, Bitcoin. The second-largest cryptocurrency by market capitalization jumped more than 50% in just a week, reclaiming investor attention and boosting its market cap to over $320 billion.

This rally comes at a time when Bitcoin appears to be consolidating. After a strong five-week run that saw its price climb by 40%, Bitcoin is now hovering in a tight range between $103,000 and $104,000. That has shifted investor interest toward alternative digital assets, especially Ether, which is often viewed as the bellwether for the altcoin market.

The surge in Ethereum is being fueled by a combination of renewed institutional interest and shifting capital flows within the crypto space. Notably, Ethereum exchange-traded funds (ETFs) attracted $13.5 million in net inflows on Tuesday, while Bitcoin ETFs saw net outflows of $91 million. The rotation signals growing appetite for diversified exposure beyond Bitcoin.

Although Ethereum ETFs still trail behind their Bitcoin counterparts in terms of total assets under management — under $10 billion compared to Bitcoin’s $100 billion — the recent inflows suggest mounting interest in Ether as a strategic play, particularly as traders seek more upside potential from altcoins.

With Ethereum back in the spotlight and outperforming Bitcoin on a weekly basis, many analysts believe that a broader altcoin season may be kicking off. Continued strength in ETF inflows and favorable technical signals could support further gains, though traders remain cautious as volatility remains high across the crypto market.

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