Judge Chatting About the Cryptocurrency Circle: Is ETH's Surge to $4000 Just a Fad or a Real Bull Market? Can Altcoins Ride This Wave?
ETH recently surged past the $4000 mark, which should have been a cause for celebration in the crypto circle, but the market sentiment feels like it has been doused with cold water — bulls are hesitant to increase their positions, and bears are reluctant to hold firm, with even the usually active altcoins collectively 'playing dead.' What’s really going on behind the scenes? Let’s break it down.
First, regarding ETH's recent rise: technically, it looks solid, with the weekly MACD just crossing above the zero line, and the daily OBV showing stable capital flow. The trend seems poised for takeoff. However, it’s strange that there’s a pitiful lack of follow-through buying, trading volume is sluggish, and retail participation is less than half of what it usually is. Why?
Historical Shadows: ETH has previously attempted to breach $4000 multiple times unsuccessfully, and now it's stuck at a critical point, making people wary of the “wolf is coming” scenario; Whale Control: The market movement is too 'clean,' indicating that significant funds are washing out retail investors; Capital Drain: As ETH rises, funds flock towards it, leaving altcoins drained of liquidity, naturally leading to a downturn.
ETH's capital absorption is too intense, leaving altcoins ignored; Bitcoin has recently been weak, and with regulatory pressures tightening, institutional funds are reluctant to enter; yet, historical patterns show: once ETH stabilizes at a key level, altcoins often surge several times. Will this happen again? We’ll see in the next two weeks.
The next two weeks are crucial: Whether ETH can lead the entire market depends on two points:
Stabilizing at $4000: Don’t spike up only to fall back down; trading volume must continue to increase; Bitcoin needs to hold steady: If Bitcoin collapses again, the whole market will be dragged down.
If these two conditions are met, the 'party' for altcoins may commence soon.
What should retail investors do? The judge provides a strategy:
Short-term: Don’t chase highs; ETH may pull back to the support level of $3800-$3900, wait for the correction to enter; Mid-term: Keep an eye on trading volume; continuous capital inflow indicates a stable trend; Long-term: Consider gradually investing in quality altcoins, but don’t go heavy, and don’t chase highs.
The crypto market is always 'holding back a big move'; every time it is suppressed to the extreme, a big explosion may follow. Is ETH's push to $4000 a 'wolf is coming' scenario or a real bull market? The answer lies in the next two weeks. Are you ready with your funds? #ETH突破4000