ETH Price Finally Crushes $700 - Reaching Highs We Haven't Seen Since May 2018

Bitcoin is not the only game in town. While the conversation has been Bitcoin Bitcoin Bitcoin for the past several days/weeks, we're now seeing a shift to the altcoins.

For many of us in crypto, I think this is a majorly positive trend. We all hodl some altcoin bags and while many will call them shitcoins, we call them our best friends.

As BTC stabilizes around $27k, we're seeing some strength flow to the alts.. finally.

Does this mean that people are selling BTC and putting their gains into ALTS?

Does it mean that some corporations are starting with BTC and now discovering ALTs?

What about all the new retail traders getting into the space?

Who knows what the exact cause is. The trend is something we've seen play out before and something that will play out again as BTC rises and the ALTs trail behind and eventually surpass it in % terms.

For now, let's enjoy the ETH price having broken through $700 finally. At the time of this writing, it's now all the way up to $733. We may see some resistance at $800.

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