Many traders might be puzzled by the recent surge in ETH, so let me break it down for you 🐱. Those who remember the last bull market know that just before the bull market ends, ETH often takes the lead, sparking a final altcoin rally. ETH holds the title of the king of altcoins, unlike DOGE, which is the king of MEME coins. While these two types of markets may seem similar, they’re quite different. The altcoin market relies on a general rise in the broader cryptocurrency market and depends on BTC’s support, whereas the MEME coin market thrives purely on sentiment and doesn’t require Bitcoin to rally. MEME coins often do well when BTC is moving sideways or declining, as shown in recent months when Bitcoin experienced significant drops but MEME coins continued to perform well. This surge in ETH signals the final phase of the bull market.
However, the main issue holding this small bull market back from becoming a full-blown bull run is the lack of liquidity. Right now, there isn’t enough money circulating to support a bigger market move. While retail investors have brought some excitement to Bitcoin and MEME coins, it’s not enough to trigger a sustained large-scale rally. What’s needed is significant investment from large institutions with deep pockets. But currently, the market is still experiencing a shortage of funds, limiting this surge’s potential to turn into something more substantial.
With Trump’s recent election win, a wave of retail investors has entered the market, pushing up altcoin prices. However, the big players may use this momentum to drive prices up and then sell off, taking profits and clearing out the smaller retail investors. Because of this, I believe this last wave of FOMO (fear of missing out) won’t last long. After a brief period of rising prices, perhaps over the next month, many traders will be eager to take their gains, convinced that they’re in the midst of a larger bull market.
Newer traders who’ve just started seeing profits will likely want to reinvest, but the question is, how many will manage to exit before the top? I hope everyone understands that taking profits during the final stages of a market rally is crucial. Playing short-term trades with careful planning is a smart strategy right now. It’s essential to stay aware and not get caught up in the hype—short trades can be your best approach in this current market scenario.
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