Ethereum Breaks 2021 Highs, Fueling Market Rally and Quick Gains in Altcoins

Last week marked a historic milestone for Ethereum, which surpassed multiple key targets and is now trading above its 2021 highs, firmly above $4200. Meanwhile, Bitcoin approached its all-time high, adding further positive momentum and FOMO to the cryptocurrency market. This resurgence has triggered a flurry of memes and rallying coins like BOSS, TROLL, and various runners, which are gaining significant market caps. Additionally, Pumpfun is making a comeback and regaining its position as the top volume coin, overtaking Bonk. It's also worth highlighting recent successful token sales, such as REX on Linea, where investors could have realized a 30% profit within an hour of the sale. Enthusiasts are eagerly awaiting the launch of new tokens like Heaven, which has received substantial attention and backing from early investors, especially considering past sales that participated in Alpha. Furthermore, the AI sector is catching investor attention, with liquidity flooding into many AI projects yesterday, generating gains of 20–40%. If this influx continues, there could be promising speculative opportunities in this sector. Overall, there's a strong possibility that this week will continue to be bullish for cryptocurrencies, generating more investment ideas. However, for medium-term investments, it may be wise to wait for a correction, as technical indicators suggest one could be approaching soon. Entering at this peak stage of the market is inherently high risk, and caution is advisable.