Another 'alt season' has ended — dominance has reversed and is creeping up again. This was the third bounce for altcoins in the last year, with the difference being that this time the assets have been 'squeezed' to such an extent that even within the framework of the bear market of 2022, they were worth more. Several coins have updated their lows, which once again proves that interest in altcoins is fading. For those who did not expect Bitcoin at $70,000 and accumulated positions when $BTC was trading below $80,000, I congratulate you. To the others, I express my condolences. To myself as well, as I still hold several coins in my portfolio because expectations from December 2024 were higher.
At the moment, I expect a correction in Bitcoin to the 92,000 area — to cool the ardor of those who have believed again. And from there, it would be logical to aim for a new ATH.
At the same time, I'm considering a scenario with a drop through the liquidity wall around 106,000. So my expectations are: a slight rise from the current levels, a drop to the 92,000 area, and from there a new rise.
But one must understand that altcoins won't be saved if dominance returns to 65%, and especially if it goes even higher, which cannot be ruled out.
We can't dream of Xs at $ETH for now — unless you managed to buy it for $1380.
In essence, there are only 2-3 weeks left for growth: summer is not the most 'fishy' season for the market. Positive news has run its course, they are not in a hurry to lower the rate, so unfortunately, there are no prerequisites for any outstanding movements.
By the way, last year at this time, Ethereum was trading around $4000. Now, such results cannot be expected: even Pectra did not save the situation (although the update is truly massive). Of course, the asset showed growth, but it is still very far from the values of December and even further from the ATH for Ethereum.
It seems that a significant rise in Ethereum could only be spurred by one event: approval of staking in the ETF, but this has been talked about for a long time, and no one is in a hurry to make a decision. Or a rise in Bitcoin by a couple of tens of thousands, but such a scenario looks even less likely than the acceptance of staking. So for those who were waiting for Ethereum at 5000 (6,8, keep going), it seems they will have to hold their crypto assets at least until autumn.
