Altcoins have been down for too long. Ethereum has made a slight pullback, and immediately the altcoins show a bear trend. In fact, Ethereum has risen from around 2400, and on a daily level, it has been increasing almost every day for more than half a month. Until yesterday, it peaked at 3860, which is very close to the 4000 mark, so it is normal to face resistance, and there is a need for capital turnover.

The cost of the main force pushing the price up has become too high, so today’s pullback does not actually affect Ethereum’s long-term upward trend. However, the performance of altcoins is still quite disappointing, with almost no one willing to go against the trend and take risks. This indicates that the market sentiment for altcoins is still not strong enough. Furthermore, this pullback is just Ethereum's adjustment; Bitcoin's trend remains stable, and even Solana has taken over, rising from 195 to 204, bringing up its own ecological projects like $jup, $ray, and $jto, which are all performing well. However, overall, altcoins are still too weak, once again confirming the conclusion that only ETH can save the altcoins.