The market is immersed in revelry, with Bitcoin (BTC) breaking through $103,000, and Ethereum (ETH) rising to $2,200.
This round of $BTC rise indeed had early signals, with continuous large net inflows into on-chain ETFs and a record high in the profit ratio of coin holders, indicating sustained bullishness from the main funds.
MACD golden cross on May 8th and maintains a bullish structure, with trading volume increasing simultaneously, indicating further price momentum.
On the social sentiment level, topics such as 'ETF inflows' and 'institutional buying' have surged in popularity, with leading institutions frequently expressing strong positions, becoming catalysts for sentiment.
Tokens in the Ethereum ecosystem like EIGEN, UNI, and ZK have surged significantly, accompanied by strong performances from meme tokens like PEPE, NEIRO, and BRETT.
Total market capitalization: $3.37 trillion
24-hour liquidation: $867.1 million
Fear and Greed Index: 73 (Greed)
Small-cap gains
Moo Deng +103%
Not in Employment +77.1%
Joe Coin +59.2%
Koma Inu +50.1%
Luna by Virtuals +44.6%
ETH rose 20% in a single day, V Dog turned back into V God overnight, altcoins generally rose; is the crazy altcoin season about to come? Note! ETH successfully reversed BTC, with the exchange rate skyrocketing by 15%.
Historically, when the ETH/BTC exchange rate rises, funds flow from BTC to other cryptocurrencies, driving an overall market boom.
The bull market of ETH is the real bull market.
Only $ETH can truly revive altcoins.
BTC has risen, but altcoins may still be falling; however, as long as ETH starts—DeFi, Meme, and AI will all take off.
Many people are asking: Has the bull market arrived?
If ETH is still lying down, it’s just a structural opportunity; only when ETH stands up can altcoins truly take off.
BTC is the indicator, ETH is the engine, and altcoins are the turbo.
BTC is the sentiment indicator; it tells you when funds are coming.
ETH is the ecological engine; it gets the funds moving.
Altcoins are high-leverage; they rely on ETH for blood transfusions to survive.
Every large-scale altcoin explosion seen before was backed by simultaneous increases in ETH TVL, gas, and DApp activity.
So what is the focus now?
It’s not about switching chains to chase hot topics every day, nor is it about FOMOing into new narratives.
Instead, it’s about keeping an eye on ETH as the main line. Once it starts, it’s time to heavily invest in mainstream altcoins and strong narrative projects.
The bull market of ETH is the true bull market for on-chain users.
Once ETH rises and stabilizes, everything will begin to come alive—the true altcoin season has only just begun.
In terms of altcoins, there has also been a nice rebound led by Ethereum, especially in the AI sector. I checked a few previous bottom buys, and they have already been released from losses and made a small profit. Of course, some sectors haven't started yet; altcoins are mainly characterized by a rotating market. As for when the rotation will reach the sectors everyone has selected, that remains unknown.
Sharing two potential targets
$siren
Siren is the leader of BSC, leading BSC back to greatness. I say Siren is the leader of this round of BSC, and no one has objections, pulling the market every day.
Looking back at the past period, every correction after a breakthrough of SIREN has been very healthy, the main force hasn't exited, and the community hasn't seen any FUD. I can only say that at this position, it has already broken historical highs, the weekly chart shows a W bottom; it’s not the top yet, but is preparing to open the entrance to the next layer of space.
$PEPE
PEPE has stronger control compared to most altcoins, having doubled since April. If ETH staking/ETF-related speculation restarts, PEPE may replicate last year's upward trend.
Current prices are not suitable for chasing high; wait for a correction or new narrative stimulation (such as Meme season + ETH ecosystem heat).
Holders can take partial profits while maintaining a core position for event-driven opportunities.
For those without positions, pay attention to lagging recovery opportunities when BTC/ETH breaks through.
