Ethereum finally surpassed $4,000 this morning, boosted by positive labor market news. During this bull market wave, Ethereum has performed well, showing a clear upward trend since early November and reaching $4,080 yesterday, marking a 72% increase over the past month. As the second-largest cryptocurrency, Ethereum is often seen as the king of altcoins, and altcoin rallies often follow its lead.

With Ethereum’s rise above $4,000, other tokens have also surged. APT crossed $15, reaching its highest level since April, while CRV surpassed $1.30, its highest since September 2022.
In the short term, Ethereum's trend suggests a correction, but its long-term outlook remains bullish, with a potential price target of around $4,500 after the correction.
Based on experience and analysis, the cryptocurrency market seems poised to enter the third phase of the bull market. Altcoins are expected to skyrocket, with some potentially multiplying several times in a single day. Reflecting on the 2021 bull market, coins like Dogecoin increased 70-fold in three months, with 2-3x daily gains being common. This next phase could see a similar explosion in altcoin prices.
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