Ethereum's Silent Revenge: Everyone Stunned by the Sharp Rise! - Coin Bulletin

div[id^="wrapper-sevio-ce3d7766-392e-4b02-a3c2-0c36f7cc4b81"] { display: inline-block; padding-top: 10px; padding-bottom: 10px; }

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-ce3d7766-392e-4b02-a3c2-0c36f7cc4b81"] { width: 320px; height: 100px; } }

@media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-ce3d7766-392e-4b02-a3c2-0c36f7cc4b81"] { width: 728px; height: 90px; } }

Ethereum (ETH) surprised investors in the market by increasing by 49% in just six days and reversed trends on social media.

Ethereum, the second largest player in the cryptocurrency market by market capitalization, was severely criticized and became a trending topic on social media after dropping to around $1,800 on May 7. However, ETH, which unexpectedly started a rally in a short time, increased by 49% in six days, showcasing a rapid rise reminiscent of the 2017 bull market. With this increase, discussions about “flippening,” a theory suggesting that Ethereum will surpass Bitcoin's market value, which had been forgotten for years, reignited.

The theory that Ethereum would surpass Bitcoin became popular for the first time in 2016-2017. According to this theory, it was expected that Ethereum would leave Bitcoin behind in market value due to the smart contracts it offers and its extensive developer ecosystem. However, over the past three years, ETH has significantly lagged behind Bitcoin, and the anticipated "flippening" has not occurred.

div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { display: inline-block; padding-top: 10px; padding-bottom: 10px; }

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { width: 320px; height: 100px; } }

@media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-b3ce5b60-2c13-4244-9d7d-ac51d3cdb72e"] { width: 728px; height: 90px; } }

(# The ETH wind has turned on social media!

The recent rapid price increase of Ethereum has suddenly changed investors' social media posts as well. During the period when the price experienced a decline, negative comments about Ethereum quickly gave way to optimistic predictions. Particularly, investors have started to discuss price targets of $3,500 and above on social media again.

Another important indicator that investors should follow to understand whether the Ethereum rally will continue is the transaction fees on the network. Currently, the average fee for making transactions on the Ethereum network is only $0.84. As the popularity of the network increases, these fees rise, and high fees reduce demand. Therefore, keeping transaction fees low could be a positive sign that the current rally may continue.

Analysts state that if Bitcoin moves to the 110,000 dollar level, Ethereum could also surpass the 3,000 dollar barrier again. However, they warn that investors should be cautious during periods of excessive market optimism.