The recent rotation is quite obvious: when Bitcoin drops, altcoins immediately rebound. Funds are slowly shifting, and risk appetite is beginning to spread. However, this process will not be too smooth, as market confidence has not yet recovered; most people are still hesitating, observing, or cautiously testing the waters with light positions. This sentiment can easily be exploited by the main players to shake out weaker hands, making you feel exhausted before the real rise begins.
If you followed the rhythm and bought the dip at the beginning of April, you should now be in a relatively comfortable position. Next, Ethereum may continue to move sideways for a while, mainly to digest the high-position chips from earlier and suppress confidence. Currently, there are no major positive stimuli, and the market is still in a brewing period. In the most extreme case, it may pull back to around 2100, where there is technical support. In summary: If you hold altcoins, just hold on and don't make any rash moves; if you are in cash, then don't rush to chase highs, wait for a pullback before making a move.
