$ETH After the altcoins stabilize at 3500, they will have the qualification to rise, this slogan was shouted by Mr. Crab yesterday. Many people said yesterday that Bitcoin is Bitcoin, Ethereum is Ethereum, and altcoins are altcoins. Why is there this statement? It’s because they saw that Ethereum rose while altcoins did not follow, which is purely one-sided logic.
Last week, Mr. Crab's analysis of Ethereum's trend was very clear. Stabilizing at 3000 gives holders of Ethereum a sense of security, and stabilizing at 3500 greatly increases the probability that altcoins will follow. The next step is to test 4100 because only after 3500 do the funds in the market dare to come out and be active, as they see confidence, which is the FOMO sentiment.
After this wave of stabilizing at 3500, many altcoin sectors have also seen rises, such as the decentralized sector, meme sector, and staking sector, which still represent a localized market trend. You need to select the right coins in advance to catch this wave.