BTC today strongly broke through 122,000, just 900 away from the historical high, while ETH remains steady at the 4300 mark.
The market is bustling, but many people missed out: some sold at slight gains due to the 'Ethereum shadow' from the past two years, missing out on peaks; others are still holding stagnant altcoins, feeling anxious as the market reaches new highs.
Is there hope for Ethereum to reach a new high in this round?
ETH has transitioned from a unilateral rise to an ascending box. The short-term key is at 4150; if it effectively rebounds from this level, the first target is 4325, and after breaking through, it may surge to 4490. If it falls and forms a descending box, the upward structure will be broken.
Attention, today analyst Orbion reminds that the current fund rotation pattern (BTC→ETH→small coins) is strikingly similar to those seen before the peaks in 2017 and 2021. BTC is expected to peak at the end of September and drop back to $55,000 by the end of October. Axel Bitblaze believes that after breaking 4200, it has entered ‘Ethereum season,’ but a full ‘altcoin season’ has yet to arrive.
In Xiao Miao's view, the current altcoin market is a 'selective bull market':
Medium-term main line: Ethereum ecosystem L2 (#ARB, #OP, SNX) shows strong performance;
Growth track: The AI sector has tripled in two years to 15B, #WLD, #TAO have dual drivers of capital and innovation;
Long-term base: #XRP, #AVAX, LINK, ALGO, #DOT, etc. have inter-chain connectivity and infrastructure value;
Short-term explosion: Meme sector has high volatility, #BONK gains attention for community and technology.
Remember: do not chase highs or sell at lows, but learn to see hotspots and trends in advance. Just because the market rises doesn't mean all coins will rise; choosing the right direction is key to winning in a bull market.
Currently, BTC, ETH, and BNB have all set new highs for the year, while SOL is still working hard to catch up.
SOL has had 6 consecutive daily gains, V-shaped rebound breaks moving average resistance, MACD turns upward, and once it crosses, it may hit 200.
BTC returned to the previous high, and the small coins that Xiao Miao just focused on have a chance to catch up. Original text: Ethereum rockets to new highs! SOL, Bonk, and Pengu receive major good news; is the money-making opportunity back? Could CPI data become the final trigger?
#PENGU currently at 0.041, expected to return to the previous high of 0.045.
#ENA We entered at 0.72, reduced some holdings in between, this time it might reach around 0.89 before we exit completely.
#Sui currently at 3.94, may rise to around 4.2.
I was hesitant to enter before Bitcoin surged. Small coins have a larger space but higher risks. I suggest spot trading or low leverage, aiming for stability and waiting for a pullback before entering again.
Let's take a look at today's popular coin dynamics:
#SLERF : The sloth's official Twitter hints at a restart, with obvious signs of major players accumulating. With a market cap of only 30 million, a crash would be meaningless; the opportunity for a 1-2x surge is significant, and I've also accumulated a bit.
$PEPE : 4-hour double bottom pattern, breaking 0.00001250 could target 1350-1450, losing EMA 9 suggests a risk of further declines.
$DOGE : Short-term rebound but heavily influenced by meme sentiment, with high volatility. The small target of 0.23 has been reached; next, we can raise the stop loss and wait for another wave.
The market is hot, but position and rhythm are more important. Don't be tied down by habitual thinking; missing one opportunity might mean missing the whole round.
That's all for this article! If you still can't find your direction in the crypto circle, why not join me? I await your arrival; otherwise, you might find yourself on the other side in the next wave.
