ETH Breaks 3000! Is the Altcoin Season Coming?
After BTC surpassed 117,000, ETH is also not to be outdone, just breaking through $3,000, with a peak reaching $3,040, reigniting the market's sentiment🔥. Many are asking: is it time for the altcoins?
To be honest, in terms of rhythm, this wave of ETH's rally is much more decisive than the previous one. Not only has the price broken through, but the ETH/BTC trend is also rising, indicating that funds have started to flow down from BTC. According to CoinShares, ETH-related ETFs attracted nearly $400 million last week, showing that substantial institutional capital is entering.
Looking at BTC dominance, it's currently around 64%. Although it hasn't yet dropped below the 60% threshold, which is the traditional starting line for altcoin season, there are already signs of loosening. Moreover, large-cap projects like SOL, ARB, and XRP are also starting to stir, indicating that the rotation chain has begun its first link.
📈 In terms of operations, ETH just needs to hold the $2,950 to $3,000 range in the short term, and the next target would be $3,200 to $3,400. As long as the ETF narrative continues, reaching $3,600 or even $4,500 wouldn't be exaggerated. The key is whether this pullback can hold steady.
However, whether the altcoin season can truly kick off depends on two signals:
1️⃣ BTC dominance officially declines, and ETH stabilizes;
2️⃣ The altseason index switches from 'BTC season' to 'altcoin season' mode.
📌 My suggestions:
1️⃣ For short-term main positions, still allocate to ETH, as its structure is clearer and capital is stronger;
2️⃣ You can stealthily enter altcoins with small positions, prioritizing L2, SOL system, and strong narrative memes;
3️⃣ Don't go all in, and don't be slow; this is the time to 'wait for the wind to rise.'