$4100 for ETH is just an appetizer, is the altcoin carnival about to flip the market?!!
When Ethereum (ETH) breaks through the $4100 mark, it should be a moment for the cryptocurrency market to stir up a wave, yet the actual market atmosphere is exceptionally dull—bullish investors are hesitant to chase rises, and short players are also reluctant to stubbornly resist. Various altcoins have collectively fallen into a state of 'silence'. What hidden, unknown deep logic lies behind this?
From a technical perspective, Ethereum's recent rise appears strong: the weekly MACD indicator has successfully stood above the 0 axis, and the daily OBV indicator shows a stable inflow of funds, presenting an overall positive trend. However, it seems the market has been put on 'pause', with trading volume remaining low and the participation enthusiasm of ordinary investors not high. The reasons are not difficult to analyze: Ethereum has repeatedly attempted to breach the $4000 mark but has failed, leaving many investors with concerns due to this historical shadow. At the same time, the signs of major players controlling the market are prominent, and the operation of squeezing floating chips through wash trading is evident. Moreover, altcoins are facing a siphoning effect of funds, leading to continued dull performance, further dragging down overall market sentiment.