**Market Analysis - May 21**
A notable euphoria has gripped the market. Yesterday, the price of Ether ($ETH ) saw a dramatic rise following the announcement of a significant increase in the approval probabilities of ETFs linked to ETH (#ETHETFS ). We hope that this dynamic will continue; otherwise, we could see a major correction.
Driven by this euphoria around #Ethereum, the entire market also showed an upward trend yesterday. Bitcoin ($BTC ) reached $70,000, and the majority of altcoins recorded gains of 5 to 20%, including the same coin $PEPE which recorded a surge of 18%#. Therefore, the number of bullish trading signals on the daily and hourly charts has increased significantly.
Currently, two main challenges face traders:
- Do not give in to excess enthusiasm.
- Identify tokens with the highest upside potential in the event that the uptrend continues.
