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Bitcoin also triggered the altcoin market as it stepped into the $52,000 band this week. Overall, the crypto market is picking up where it left off this month after a brief consolidation phase in January.
In this process, while there was a maturation in the upward momentum in Ethereum along with Bitcoin, Solana, which saw a limited correction last month, put the short-term peak region on its radar again this week. Arbitrum is also chasing a new ATH with similar momentum to the Solana chart.
After staying flat in the average range of $2,200 - $2,400 in December and January, Ethereum continues its uptrend originating in October with the momentum it gained in February.
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