Bitcoin has been moving sideways around 120,000 in the past few days. Some say it's hopeless, but actually, the trend is brewing. What the market fears the most is not volatility, but a lack of expectation. And now, expectations have arrived.
Ethereum is truly the spark that ignites sentiment. These days, the rhythm of ETH’s catch-up has been exceptionally strong, not only standing above 3400 but even briefly approaching 3500, with a nearly 10% increase in just one day. This kind of explosive force—familiar, right?
Right, Ethereum never lacks for explosive points—yet it always makes you question life.
Let's recap this wave of market action briefly. Starting from the mid-April rise, a single surge of over 40% occurred in three days, followed by nearly two months of 'back and forth'. Each wash of Ethereum has precisely hit the market sentiment. Players who traded back and forth were cut, while those holding spot positions enjoyed doubled profits. In these three months, inaction has been the best strategy.
Now, ETH is approaching the upper edge of a converging triangle formed over four years of consolidation, with less than 10% technical distance remaining for a full breakout. Meanwhile, off-chain funds have already positioned themselves: SharpLink Gaming just spent $32 million to buy 9,425 ETH, whale liquidations, and rising ETF expectations have all become fuel for ETH's rise.
Don’t forget, this wave isn’t just a meme solo dance. SEI, SUI, XRP… L1 public chains are starting to take turns exerting strength, meaning the real 'altcoin season' is coming. As long as ETH continues to hold strong, there will be plenty of stories and stages for altcoins.
But then again, whether this wave of market action belongs to you still depends on whether you are prepared.
XRP is moving again!
Just broke through the key level of 3.02, briefly surged to 3.10, and is currently consolidating around 2.95. As long as it holds the support at 2.88, bulls still have hope to continue pushing towards 3.05, 3.10, or even 3.15.
But be cautious, if it drops below 2.88, it may retrace to 2.84 or even 2.75. The battle between bulls and bears is intense, and the key lies in these few days. Short-term rhythm is crucial; do your own research.
Can PENGU the Fat Penguin still rise?
This morning, I saw many people saying that $pengu is likely being sold. On-chain data indeed shows that the Pudgy Penguins address has transferred over 45 million tokens to multiple CEXs this week, with the timing hitting the peak of market sentiment.
Although some have responded that it’s about providing liquidity or locking positions, which doesn’t necessarily mean selling, on-chain transparency does not equal information transparency. The crypto world talks about expectations; uncertainty is risk, and risk means selling. Those who haven’t moved should pay attention; it’s better to miss out than to stand guard.
Let's play with a small coin: $DGB
$DGB has formed a classic rounded bottom on the daily chart. After a long period of decline, it has begun to rise, having broken through the neckline resistance, and is now firmly above the 9-day and 50-day moving averages. The pattern looks like accumulation; as long as it holds the current range, it is expected to accelerate upward or welcome a trend reversal.
