🔥 $ETH's future hides crises! Are you ready to embrace the 'Altcoin Season'?

The main surge of $ETH started in March 2020, rising from less than $100 to $4800, an increase of nearly 50 times.

The current trend is undergoing a deep adjustment from this main surge, divided into three phases: 4800→880, 880→4100, and from 4100 to now is the third phase of adjustment.

Currently, $ETH is searching for a bottom, but the bottom has not yet been confirmed, relying on the slower 3-day moving average for judgment.

In addition to technical analysis, we need to consider the characteristics of $ETH itself:

$BTC has no competitors, primarily benchmarking against gold, quality U.S. stocks, and fiat currencies;

$ETH's competitors are other public chains, with challenges arising from speed, price, and other aspects.

The story of $BTC is risk aversion and reserve asset; while $ETH is currently more the focus of applications within its ecosystem.

My view is:

When liquidity is abundant, the Altcoin Season may re-emerge, stemming from the essence of the market.

However, when the 'Altcoin Season' arrives, whether $ETH can still rise strongly remains a question, with the key being whether $ETH can become the core platform on the blockchain in the future.