When people are doubting cryptocurrencies, ETH keeps holding up like a champion. Why is this endurance a sign that the most brutal is yet to come? 🚀💰

What's happening with Ethereum?

Look, the thing is that Ethereum (ETH) just had a somewhat crazy week, dropping almost 9%. But, and here's the good part, instead of crashing, it stood firm and has been hovering around $4,200. Just to give you an idea, its current price is $4,299.

An analyst who lives for this stuff, Michaël van de Poppe, says that the Ethereum chart is "massively strong". What does that mean? That despite the drop, the base it has is solid as a rock. He believes that ETH could be warming up to break its previous highs again. And if that happens, get ready, because altcoins (all cryptocurrencies that are not Bitcoin) could follow suit and also surge.

And where do we go?

The same analyst drops the key data: the zone between $4,100 and $4,200 is a super good buying point, a "support" zone. Think of this as the floor that prevents the price from falling further. Of course, there is always the risk that things could get ugly due to the global economy, and ETH could drop to $3,900, but even then, the risk-reward would still be in your favor. In other words, the opportunity to win is much greater than the chance to lose.

The numbers don't lie

If you want to get technical, indicators like the RSI (Relative Strength Index) and MACD are showing that there are chances for the price to rise again. And if you add to that that since June Ethereum has gone from being worth less than $3,000 to almost $4,800, and now it has stabilized after the drop, the general sentiment is one of optimism.

The Domino Effect

If Ethereum manages to stay above $4,200 and strengthens, experts say the next level to test would be $4,800. And if it breaks that barrier, the path would be clear to reach the much-anticipated $5,000. This movement would not only be brutal for ETH but could also trigger a "domino effect" where money moves from Bitcoin to altcoins, causing the entire market to explode.

Do you think this is the moment for altcoins to take control of the market? 🤔$ETH $XRP $SOL