In the cryptocurrency markets, especially altcoin investors hope for a repeat of the major upward waves experienced in 2021. However, experienced analyst Miles says that it is difficult for these expectations to be realized. Although the Bitcoin price approaches record levels, Ethereum and altcoins continue to lag far behind their previous performances.

Experts note that the increase in altcoin supply in the market and the rapid proliferation of new projects are among the most important factors preventing the recurrence of previous bullish cycles. Many altcoins launched in 2021 had only a portion in circulation at that time, while the release of locked tokens later increased competition and caused demand to remain weak.

Miles warns, "It should not be surprising that altcoins continue to lose value against Bitcoin. The increase in unlocks and token distribution, along with the drop in demand, is creating new market dynamics. You cannot expect to play the same games as in 2021 and succeed,".

Altcoin investors are now advised to evaluate the past unlock schedules of projects, current market values, and supply increases together. Experts state that catching old rally levels is difficult unless there is a significant increase in demand.

Current Situation and Expectations for Bitcoin and Ethereum

Currently, Bitcoin is fluctuating around $107,460, while Ethereum is seeking support below $2,500. Upcoming PCE inflation data, important trade tariffs to be announced on July 4, and the Fed's interest rate decisions are increasing investors' concerns. The impact of economic developments in the U.S. on the cryptocurrency market is being closely monitored.

Ethereum analyst Poppe emphasizes that a critical price range needs to be monitored. According to Poppe, if the price falls below this level, it is likely that lower prices will be tested in the coming weeks.

"The situation with ETH currently looks stable. However, if we drop below this critical zone, it is highly likely that the price will test the support on the other side," he says.

Bitcoin analyst Ali Martinez states that the price range between 106,900 and 108,200 dollars is of key importance in the market. He expresses that if the market moves outside of this zone, it could show sharp movements.

"BTC is currently moving within this narrow range and the next big move will happen outside of this zone," he comments.

The negative atmosphere surrounding altcoins lately is noted to be reducing investors' risk appetite, highlighting that market conditions have changed significantly. It seems difficult to succeed with old strategies now.

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