Market review: The market has begun a rebound recovery. Yesterday, Ethereum nearly touched 4000 USD, and is currently fluctuating in the range of 3830-3980. The overall rebound strength is still good. Currently, Ethereum needs to effectively break through 4000 and stabilize for the market to see an overall rebound in altcoins. The four-hour chart still needs to observe ETH stabilizing completely at the 3800 bottom. Then, the market will quickly start to fluctuate upwards. A 25 basis point interest rate cut in December is already a done deal. If the current supply and demand trend continues, this round of Ethereum's overall trend will break historical highs and directly surpass 5000 USD. There is a certain opportunity this month or next month, and this round of altcoins will also perform relatively well.
BTC fluctuated around 100,000 USD yesterday, still the same as before, with no particularly noteworthy performance. In the next phase, it may just continue to fluctuate. When the second coin rises enough, BTC will then take a bite and pull up.
The overall trend of ETH this time is completely expected. Yesterday, the highest point reached around 4000 for a pullback, and the lowest point around 3830 saw a rebound. Overall, the four-hour chart still looks at the bottom near 3800. The overall market is expected to fluctuate for a few days before directly breaking through the 4000 level to establish the next support point. It won't take long. As mentioned before, when the second coin hits 4000, altcoins will collectively explode. Keep an eye on the upper range of 4020-4060; if it stabilizes, the market will quickly continue to move upwards.
