What's the next step for Ethereum? Between long and short, can altcoins turn around by looking at its face?

ETH is currently stuck around 2490, which at first glance seems like sideways movement, but in reality, it is the eve of a directional choice. The 'mother of altcoins' on the chart has attempted multiple times to break through the upper 2700 range, but has been ruthlessly pushed back each time, forming a standard oscillating top structure. In other words, this bullish run is a bit weak, like struggling to climb stairs.

How to look upwards?

The upper space is not small; if it can break through the 2700 line and stabilize, the expected target range is between 2950-3050, with a potential profit of up to 500 dollars, which is a boon for contract players. But the premise is that trading volume must follow, rather than being a 'false breakthrough and true lure.'

What to do downwards?

The support level is in the 2250-2150 range, which is a typical 'previous bottom pullback area.' If the bulls truly lack the strength to rebound, this area is likely to get filled, giving a downward space of 200-300 dollars. Don't forget, it previously oscillated around this area for a while, and the funds still remember this position.

Here's the key: Altcoins depend on ETH's performance.

The current market is very realistic; BTC is the steering wheel, ETH is the accelerator, and altcoins are the rear of the car. If ETH remains stagnant, there’s basically no operational space for altcoins. Do you think altcoins have a spring? Yes, but they have to wait for ETH to shine.

Personal opinion: At this position, I do not recommend blindly bottom fishing, nor is it worth chasing after rises. Continue to observe the direction around 2490, and for short-term trading, play within the range; don’t fantasize about making it in one step, as trends cannot be reversed just by shouting slogans. ##韩国加密政策 ##币安Alpha上新

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