$ETH Long-term investors often take profit before potential pullbacks.

The Total3 chart (market capitalization of cryptocurrencies excluding BTC and ETH) shows a mixed picture for altcoins.

Data from TradingView

After bouncing off the Fibonacci level 0.618 (~$892 billion), Total3 was rejected near the 0.786 correction (~$923 billion). The RSI is at 63, a bullish sign that does not indicate overbought conditions. The MACD remains in positive crossover, hinting at a continuation of the upward trend.

Without a decisive breakout above $962 billion (the previous high), the altcoin market will not be able to strengthen its upward movement.