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The Senate has just adopted an incredible bill that will make the United States the undisputed leader in digital assets. No one will do better; it's pure genius! Digital assets are the future, and our nation is going to take control of them. We're talking about massive investments and major innovations. I hope the House will act at lightning speed and pass the GENIUS bill in a "clean" version. Bring it to my desk as soon as possible. No delays, no additions. This is American excellence at its best, and we are going to show the world how to win with digital assets like never before!" – Donald Trump.
We must wait for ETHBTC to validate a new high, for ETH to reach 3000$ , and for BTC.D to drop below 62%. At that moment, the Alts will attack their resistances again.
We are very close to this. It can happen in a single day, but we need to wait for it to happen before transitioning to the Alts with more peace of mind.
Orderbooks-wise, it's similar to Bitcoin. Targets haven't budged, with a fair amount of selling around $2,900, and then we'll attack $3,000. And most importantly, it's empty from the current price down to $2,900, so things could move quickly.
On the other hand, unlike BTC, there is no support forming at the pivot point of $2,700, so it can drop very quickly and there is nothing until $2,500.
Fragile situation, so I advise beginners not to trade.