The recent market can be said to be sizzling hot! 🔥 Ethereum (ETH) soared 12% in the past 24 hours, flying above $2650, and many people began to excitedly ask, 'Is it going to $3000?' Let's break down what happened and how it might go next.

🟣 Ethereum: Has the breakout pattern been initiated? Targeting $3000!

🔥 In the past month, ETH's increase has exceeded 60%, performing exceptionally among the top five coins, firmly holding the top spot among altcoins.

Chartists have something to say: On the 4-hour chart, ETH just completed a breakout of a 'bullish pennant' pattern 📈.

What does this mean? Simply put, the technicals have given a signal to 'get ready to continue the push', with the next target looking at $3000 not being a dream!

RSI is still at 58, indicating it’s not overheated yet, with strong buying momentum; MACD is also perfectly aligned, showing positive divergence, with a histogram reading of 8.76, indicating an upward trend with strong buying power. This wave is not just supported by technical indicators; even the trading volume is backing it up, suggesting that the bulls are truly in control of the rhythm.

🎯 BTC hits new highs again, is the altcoin season coming?

Meanwhile, BTC has also been active, breaking through the new high of $111,000, and the whole market is buzzing 🎉! At such times, is it time for altcoins to collectively 'wake up'? The answer may be: Yes!

Analysts generally feel that if BTC's dominance starts to decline, the altcoin season could officially begin. Moreover, some popular altcoins are already 'warming up':

🔹 XRP: Now that regulation is clearer, the technical charts look bullish, and some are targeting a price range of $3 to $8.

🔹 SOL (Solana): Riding the wave of the ETF theme, it is expected to push between $220-$300.

🔹 ADA (Cardano): Although it has been a bit quiet before, analysts feel it has the potential to break $1 and even push towards $3.

📊 Market sentiment hasn't overheated yet, be cautious of chasing highs but don't be too timid.

Although the Bitcoin greed index is close to 'extreme greed', it hasn't crossed the line yet, indicating that while the market is excited, it hasn't reached a point where everyone is in FOMO. In other words: the market may not be over, but the rhythm must be well controlled, so don’t rush in excitedly and get harvested 🙈.

To summarize:

✨ An ETH target of $3000 is not a fantasy, the technical trend supports it;
✨ BTC remains strong, freeing up performance space for altcoins;
✨ An altcoin season may be just around the corner, with XRP, SOL, and ADA starting to gain attention;
✨ Current sentiment is somewhat heated, there are plenty of opportunities, but the rhythm needs to be well managed.

In the crypto world, there’s no exit point, only transfer stations. Remember to control your hands, watch the charts, avoid chasing highs, and manage your positions; even if you miss a bit, don’t panic. Opportunities will repeat, but you need to stay alive to catch them~ 💪📉📈

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