After Ethereum hit a new high last week, it experienced some pullback over the weekend, but effectively found support around 4660. As the new week approaches, there are signs of a rebound again, and it is highly likely that Ethereum will break through the 5000 mark next week.
Bitcoin surged from 11000 to around 117000, with nearly all profits in the circle coming from Ethereum, indicating much less attention on Bitcoin. There is minor support around 114500, with strong support still at around 111000.
Ethereum reached a new high, but it has little to do with most of the market, as altcoins have not moved. This rebound is merely returning to our previous accumulation zone. Those who were previously trapped are now faced with a difficult choice: they want to hold but cannot reach their cost price, and they fear that this round of gains may retract if they do not sell.
I have always advised everyone to reduce their positions when reaching resistance, regardless of whether they have reached their cost price. The market will not keep rising, and after reducing positions, there is a very high probability of being able to buy higher quality assets, thus lowering your average cost.
Bitcoin, Ethereum, and BNB have all broken their historical highs. In the second half of the year, we can focus on SOL and its ecosystem. RAY around 3.2 has also been reached, and following the surge of API3, those who positioned themselves around 0.11 in PYTH are starting to see modest gains. A new week is coming soon, wishing everyone good returns and a good mood.
