Altcoin Market Analysis

The altcoin market, which of course includes ETH, is not rising as dramatically; aside from DOGE being able to keep pace with BTC, other altcoins are unable to follow BTC's rhythm. The main reason is that BTC is rising too quickly for other altcoins to react in time. By the time they do react, BTC's price has already skyrocketed. At that point, entering the altcoin market raises concerns about BTC's potential correction, which could lead to a collapse in altcoins. Therefore, the current sentiment towards altcoins is one of caution; BTC's rapid increase is not beneficial for altcoins. The ideal scenario is for BTC to rise, then experience high-level fluctuations and consolidation, allowing altcoins to catch up. Once altcoins have fully adjusted, BTC can continue to rise. Only with this kind of trend can the entire market take off collectively.