The cryptocurrency market today is showing a notable "calmness." After the strong fluctuations of last week, both $BTC and $ETH are consolidating their strength within a narrow price range, leaving many investors wondering about the next direction. Is this a necessary accumulation phase before a new growth, or is it a signal of a deeper correction?
Looking at the chart, $BTC is still holding above important support levels, indicating that market sentiment remains optimistic in the long term. Trading volume is at an average level, reflecting the wait from both buyers and sellers.
$ETH is also showing a similar trend; however, its strength is bolstered by positive news regarding capital flow from ETFs and the strong development of the DeFi ecosystem. The stability of these two "giants" is often a necessary condition for Altcoins to have the space to break out.
This is a time when investors need to closely monitor macroeconomic news and technical developments to make informed decisions.
What do you think about the current market situation? Do you believe that the stability of $BTC and $ETH is a sign of a stronger growth phase coming soon? Share your thoughts in the comments!