Ethereum buyers are on a rampage, pushing ETH past $3,400 earlier today.

But all eyes are now on Cardano, with some experts spotting similar patterns in ADA’s price action.

In the middle of all this, a market newcomer – Crypto All-Stars – has just blasted through $5 million in ICO funding ahead of its upcoming DEX listing.

Ethereum Silences Critics with Sharp 12% Price Rally

It’s been a great few days for ETH holders.

The token’s surge has silenced the critics who spent weeks mocking its sluggish performance.

In the past 24 hours alone, the second-largest crypto by market cap shot up 12%, wiping out the losses from earlier this week.

But the real story lies in the market activity.

Spot trading volumes have rocketed 47% to $51.7 billion, while open interest has smashed through previous records to hit $14 billion.

Not bad for an asset many on crypto Twitter said was “dead.”

This sudden reversal has caught most traders off guard.

While Bitcoin and various altcoins (like Solana) have been posting huge gains in November, Ethereum’s price movements were relatively neutral.

Now, the tables have turned, and momentum is building behind ETH.

Some traders even believe there will be a run at 2021’s all-time high before the end of the year.

Is Cardano Next? ADA Shows Signs of Following ETH’s Breakout

With Ethereum rallying, some experts are also focusing on another top altcoin: Cardano.

ADA has quietly become one of the market’s top performers, surging 168% since the start of November.

The token now sits around $0.861.

However, some big names believe ADA could be about to soar even higher.

Dan Gambardello speculated that ADA will hit $1 soon, which would be the first time since May 2022.

But that