Ethereum has shown strong performance recently, doubling from the bottom of the weekly cloud chart system. Although the last two weeks saw two probing candlesticks, indicating some fatigue, this week has regained upward momentum, maintaining overall strength. If the weekly cloud chart system reaches the top, prices are expected to reach $3500-$4000.
Another key indicator is the exchange rate of Ethereum against Bitcoin (ETH/BTC). Currently, both the monthly and weekly cloud chart systems are at the bottom. A significant rise in the exchange rate indicates that Ethereum will significantly outperform Bitcoin, and the altcoin season may gradually begin. From the perspective of the larger cycle indicators, they all show a bullish pattern, so I am optimistic about the altcoin season.
