Altcoins soar to multi-year highs while Bitcoin price gathers steam

Ether (ETH) led the market higher as it trekked toward another new all-time high at $1,763. ETH CME futures are scheduled to launch on Feb. 9, leading many analysts to predict that the top-ranked altcoin will hit $2,000 before meeting any significant resistance.

Data from Cointelegraph Markets and TradingView shows Ether currently trades at $1,714, an increase of 3.27% on the 24-hour chart while (BTC) is up 0.21% and trading at $37,633.

ETH/USDT 4-hour chart. Source: TradingView
average gas price. Source: Etherscan
Daily cryptocurrency market performance. Source: Coin360
daily chart. Source: Coin360