Recently, the performance of altcoins has indeed been a bit lackluster. The issue isn’t that those new coins aren’t good; it mainly comes down to Ethereum, the big brother, not stepping up.
For the past six weeks, the ratio of Ethereum to Bitcoin has been stuck around 0.024, similar to the levels during the market lows of 2019 and 2020. But this time, everyone is clearly more cautious, eagerly waiting for a rebound that simply isn’t coming.
In simple terms: for altcoins to turn things around now, they must first look to Ethereum. If it doesn’t lead the charge, no matter how much other coins stir things up, a significant market movement is unlikely.
The key lies in the coming week: if Ethereum can break through resistance levels with volume, altcoins might just get a chance to benefit. If it continues to oscillate lifelessly, the market may have to drift back and forth in this range, and retail investors will find their patience worn thin.
As long as you find the right person to help you seize the opportunity, you can still take off in this market!
Daily focus: OM SUI SOL FUN BTC
