Bitcoin continues to adjust over the weekend, currently finding basic support around 116,000. It is clear that this wave of the bull market is not ending at 120,000. It is estimated that there will be a continued rise in August and September, potentially reaching around 150,000. As for ETH, everyone has seen its sustained strength. The reason for this strength is not a change in fundamentals, but rather continuous involvement of outside funds. Currently, both Bitcoin and Ethereum are being dominated by outside funds. For retail investors, focusing on the Ethereum ecosystem is a good choice.

With the ongoing rise of ETH, altcoins are starting to recover. Previously, everyone was advised to buy more as prices fell, and now they are on the path to reaping rewards. It is expected that a peak will occur around September, followed by a pullback, and then a continued rise as the year-end market heats up.