February could be the beginning of an upward and constant bullish rally in the cryptocurrency market, where probably the main protagonist is not our friend Bitcoin (BTC), this if we analyze the behavior that in recent hours has been revealing Ethereum (ETH) by marking its new record high above 1,500 dollars.

It is worth mentioning that ETH being the second most important cryptocurrency in the crypto market, and BTC being apparently in an accumulation zone, the estimated price increase of 13.09% that Ethereum experienced in the last 24 hours may mean the beginning of the global recovery of alternative digital currencies.

In addition to the 13.09% growth obtained by ETH today, another determining factor of this portentous rise can be linked to the new values reached in the processing power of the Ethereum network (hash rate - Ethereum), an element that shows that while the BTC is sailing over 35 dollars, the hash operations of the rest of the cryptocurrencies begin to register greater movements in a shorter amount of time.

The next few weeks are likely to be very bullish for all altcoins.

[1] Young J. Ethereum price hits a $1,500 all-time high as ETH options and DeFi heat up. February 02, 2021. Article: Online access

[2] Antiporovich N. Ethereum tiene un día de máximos históricos… y no solo por el precio de ether. February 02, 2021. Article: Online access