#AltcoinSeasonLoading
Altcoin Season Loading Signs:
- Bitcoin Dominance decreases: From 60% to 51% recently, indicating a capital shift from BTC to altcoins like ETH.
- ETH leads: The ETH/BTC ratio increases, with ETH growing stronger than BTC (BTC currently at 103,000 USD, slightly up 0.41% - 4.18%). ETF cash flow and institutional buying (Abraxas Capital: 49,644 ETH) reinforce the upward trend.
- Market sentiment: Pectra upgrade, cryptocurrency-friendly policies (USA) reflect optimism.
Short-term forecast:
ETH is testing resistance at 2,250 - 2,500 USD. If it surpasses 2,500 USD, the price could reach 2,820 - 3,000 USD, signaling an explosive Altcoin Season. Conversely, support at 2,000 USD needs to hold; otherwise, the price could drop to 1,800 USD. RSI (66.69 - 69.71) indicates an upward trend but caution is needed with short-term adjustments.
Recommendations:
- Monitor Bitcoin Dominance and ETH/BTC. If Bitcoin Dominance drops below 50%, Altcoin Season may officially begin.
- Consider accumulating ETH at correction levels (~2,000 USD) and watch potential altcoins like Solana, Polkadot.
- Manage risk due to high volatility, especially as the BTC/ETH options contracts worth 3 billion USD expire today.
Conclusion:
With the Pectra upgrade, institutional capital inflow, and the Altcoin Season Index nearing the threshold, ETH is leading the "Altcoin Season Loading" trend. Investors should keep up with news on CoinGecko, Binance, or X to seize opportunities but remain cautious about market risks. $ETH $BTC $BNB