Today's key focus for Ethereum lies in its exchange rate status with Bitcoin. Currently, Ethereum's exchange rate is in a relatively critical situation, continuously hovering around the 4-hour exponential moving average (EMA). This EMA line acts as an important support line; as long as the Ethereum exchange rate can hold its ground at this support level, after experiencing a brief small-scale consolidation phase, once the exchange rate begins to surge upwards, Ethereum's price will inevitably push upwards as well.
Furthermore, if Ethereum's exchange rate can rise again to the key point of 0.04 in the subsequent trend, it is highly likely that Ethereum will welcome a round of corrective rally. Driven by this corrective opportunity, Ethereum's price is expected to courageously aim towards the target point of 3800. This strong corrective rally performance of Ethereum is by no means an isolated market phenomenon; it will create a chain reaction, injecting vitality into the numerous altcoin markets, driving them to also embark on a considerable corrective rally. After all, for quite a long time, Bitcoin has dominated the market, standing out alone, and now as Ethereum welcomes the moment to showcase its strength and strongly rise, it is also a reasonable outcome from the perspective of market development balance and diversity.
