Ethereum is on a rampage, can altcoins make a comeback? The market has already provided an answer!
The main characters of this bull market have changed! Bitcoin takes a backseat, Ethereum is the new leader! Short-term traders, listen up—betting on Ethereum now is ten times more appealing than playing with Bitcoin!
Looking at the data: When Ethereum drops by 1 point, Bitcoin drops by 1.3 points, and altcoins directly plummet by 1.5 points! What does this indicate? It shows that Ethereum is more resilient to drops, and when it rises, it’s more vigorous!
Today's Ethereum is no longer the junior partner it once was! It is firmly on an upward path, leading the entire market to a euphoric high! The altcoin index has surged from 16 to 30, this warming signal is quite evident, right? The first taste of meat soup after the bear market has arrived!
But don't rush to get excited! I never said that altcoins would collectively take off! History teaches us—last year's altcoin rally saw only a few at the top truly benefiting! For those friends who are stuck at high positions, fate has handed you the antidote, will you dare to decisively cut losses this time? Or will you continue to be a chump?
What about future trends? Keep an eye on Ethereum's movements! Bitcoin is temporarily stuck at the $105,000 resistance level, looking at the previous highs in the long term, but whether it can break through depends on Ethereum's strength!
Here comes the key point! Ethereum's current critical resistance level is $2,850; if it breaks through this hurdle, new highs are just around the corner! Our script from the beginning of the week hasn’t changed: first pull back, then take off! Bitcoin is likely to pull back to the $100,000 mark, this position is both a support level and a springboard!
Finally, let me speak some truth: the market never waits for anyone, but opportunities are always reserved for those who are prepared! The altcoin season may not have fully arrived yet, but will you get on this Ethereum train?
