Ethereum rises while altcoins do not follow, but the participation of altcoins during Ethereum's pullback is quite strong. I hope the heartfelt advice not to rush to add positions and not to hurry into the market has been heeded by you. There are plenty of opportunities waiting for you, I wonder if you are prepared.
Just as Ethereum rises, it also falls back, returning to the support level around 3560. The hourly chart has also broken below the channel, with recent support around 3540. If this position is lost, Ethereum will face another test at the 3400 level.
Bitcoin has also failed to hold above the 115000 support, dropping to around 111900. The overall trend is weak and lackluster; if upward momentum is absent, a larger correction is needed. Bitcoin has been consolidating above 110000 for quite some time, so everyone should pay attention to a significant correction in Bitcoin.
Overall, altcoins still do not have good operational space. Although there are signs of a halt in decline, the trends of Bitcoin and Ethereum are not favorable. Additional positions should still wait; rushing in recklessly will lead to losses. Think twice before acting.
