Ethereum is poised to make a comeback after being severely outperformed by Solana and other altcoins in recent months.
In the past 24 hours, Ethereum's price spiked by 8.9%, leading to renewed bullish sentiment among traders.
"The revenge of the ETH is starting," declared Jordi Alexander, the chief investment officer at Selini Capital, while Ether is currently trading at $2,417.
Meanwhile, Solana, which has experienced a significant upward trend, recorded a 4.2% loss, trading at $104.