Bitcoin continues to make new highs, and there has not yet been a clear signal of a peak. This wave of increase has been very strong; at this time, technical indicators are of little reference, relying entirely on sentiment and liquidity. The principle of a bull market not signaling a peak is precisely this!
However, the bubble at this time is also very large. Now we just need to wait for Bitcoin to maintain a certain range, and other altcoins will experience a series of catch-up rallies.
This wave of Ethereum's rise is purely driven by Bitcoin.
From the ETH/BTC exchange rate, the market's sentiment towards Ethereum is not as high as expected, with some large holders continuing to short the exchange rate.
Currently, the price high is 3450, with daily resistance. This wave of catch-up has seen quite a bit of movement, although it is still far from Bitcoin. However, there will eventually be a breakout!
The current market is very favorable, and many people are experiencing a missed opportunity, especially spot arbitrage traders.
Of course, the arrival of a major trend also means more opportunities will arise. Sectors will take turns to break out and catch up. The game sector is worth paying attention to; there are quite a few strong whales in this field, such as YGG, Floki, Mana, etc.
You can pay attention to Ulti, currently with a circulating market cap of 43.1 million. It is in the dual track of gaming and AI, and the trading volume on OK is also quite active. The current price is in the bottom consolidation range, so it’s worth watching!
