The pancake has been grinding at this position for a long time, and the trend still maintains a bullish stance. ETH has also had a few false breakouts; structurally, it still leans towards another upward wave, and it's expected to reach 98,000 before starting the next pullback.

Some altcoins have already started to pull back after their rallies. Either they made a false breakout at the resistance level and then dropped back down, or they tried a few that weren't very ideal. It might be time for some wise contemplation again.