The cryptocurrency market is witnessing a notable shift as Ethereum (ETH) rebounds from the $2,500 level, indicating a potential bullish reversal. This development coincides with a correction in altcoins, suggesting Ethereum's price might reach the $4,000 mark.
A contributing factor to Ethereum's momentum is the declining dominance of Bitcoin, pointing to a broader market trend. This shifting dynamic could provide an opportunity for Ethereum to capitalize on its current strength and push its price higher, highlighting the ongoing competition and market volatility within the cryptocurrency landscape.