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Regarding the current crypto market
1. Ethereum is getting stronger.
Recently, Ethereum has clearly outperformed Bitcoin. After successfully standing above the daily 200 moving average, the price has surged to around 3400 USD, showing quite a strong momentum.
2. Some old coins are starting to lag behind.
In comparison, some traditional coins that performed strongly in November last year have not shown any remarkable performance in this round of the market. Besides XRP, other coins are hitting new lows relative to Bitcoin, indicating that capital is being reallocated.
3. Which projects are more favored by capital
Among the larger market cap projects, besides Ethereum, the performance of Sui is also quite impressive, and Hype even hopes to break into the top ten. The logic behind this is simple: projects that can continuously generate profits and use those profits to buy back their own platform tokens are more likely to attract capital attention. Cryptocurrencies that rely solely on speculation and lack performance support may find it increasingly difficult to attract funds in the future.
4. Ethereum broke 3000, and Ethereum-based projects are brewing breakthroughs
As Ethereum stands above 3000 USD, many Ethereum-related coins are emerging with a 'cup and handle' technical formation. If the market does not undergo a major pullback, these coins are likely to experience a true breakout.
5. In the current market, there are no obvious new tracks, but opportunities are hidden within the fluctuations.
Currently, there are no particularly hot new topics being speculated in the market, but that doesn’t mean there are no opportunities. The key at this stage is to control risk—if Bitcoin or Ethereum pull back, it will be difficult for other coins to stand out. However, for those investors who know when to enter and exit, they might seize some opportunities brought about by short-term sentiment. Of course, whether these opportunities can persist is still very difficult to determine.
6. In this stage, it's a competition of 'maturity' and 'stability'.
What we're competing for now is not who has better luck, but who understands the market better and who has more stable risk control. For ordinary investors, the simplest and most effective strategy may be to steadily hold onto spot assets. As long as the market doesn't collapse, just this step could earn more than many who are constantly trading.
Are we currently in that phase of altcoin season???
1. Ethereum (ETH) is still in the early stages of rising, but many people in the market still don't quite believe this surge is real. There are still doubts in everyone's mind, and they are in a state of 'wait-and-see + half-belief'.
2. Once the momentum of Ethereum accelerates further, some high-heat and strong-performing meme coins will begin to rise as well, but during this time, they usually won't see particularly exaggerated surges, like long bullish candles over 30% are still relatively rare.
3. When Ethereum climbs to a relatively high position, market sentiment becomes more exuberant, and investors' risk appetite will quickly increase. Everyone starts to frantically flock to small coins and altcoins, and at this point, we may see certain altcoins surge by 30%, 50%, or even double.
We are currently in the first stage, which is the phase where 'Ethereum has risen, but everyone is still not fully convinced'.
Is altcoin season about to come?
We can pay more attention to UNI LINK AVAX AAVE SSV ENA JUP CRV ETHFI INJ, these are all part of the DeFi ecosystem. Once ETH rises, it becomes the industry's barometer, so we should keep an eye on and focus more on altcoins recently.