$eth this wave surged from 2111 to 3673, an increase of 74%. This is also the first time in recent years that the phase increase has exceeded that of $BTC, so the mainstream altcoins have also shown significant growth:
$xrp $DOGE $etc, these older mainstream coins have nearly doubled, and popular coins in the Ethereum ecosystem such as $UNI $RPL $SUSHI are no exception. $LTC has also seen nearly 74%, while $sol and $BNB have underperformed slightly; the strong become stronger, and in the future, Ethereum is likely to continue its strength. If there is an opportunity for a pullback, I will adjust part of my positions to Ethereum-related coins;
However, according to past practices, a 20% pullback after reaching a 100% increase is quite normal, and there is usually a 10% pullback after an increase of over 50%. From the perspective of the increase and technical analysis, there is a demand for a pullback. However, from the contract long-short ratio, there has been a trend of shorts exceeding longs in the past two days. If the shorts continue to explode, then this pullback becomes uncertain. I am back to a two-layer flexible position and will patiently wait for opportunities!
