Overnight, Bitcoin fluctuated around 96K, and the market is clearly warming up! Even long-dormant layer two tokens have quietly doubled in the past month, showing strong rebound momentum.
Bitcoin is still trapped at the $100,000 mark, with two consecutive 'explosive' signals turning the originally one-sided rise into a sideways consolidation, and market sentiment is starting to loosen.
In this range, I choose to remain cautious and have appropriately taken profits on some altcoin positions to leave flexible space for future operations, waiting for the best entry point with a high risk-reward ratio.
The core logic of the upward trend remains unchanged; we are simply in an adjustment phase now. Stay calm and wait for the next opportunity!
Currently, the ETH price has not yet broken through the previous high, and there is still some distance to the new high. However, major ecosystems are warming up, and there is no need to panic about the short-term decline because the pullback is an excellent opportunity for us to enter!
ETH breaking through $10,000 is just a matter of time, and this is just the beginning.
Many people are talking about December being the period when institutions cash out for their annual reports. Indeed, this gives us a perfect opportunity to observe the strong coins in the market.
When institutional cashing out ends, and Bitcoin pulls back, it will be an excellent opportunity to buy quality altcoins at the bottom!
In December, can Ethereum lead altcoins to new highs?
December is likely to be the main stage for Ethereum and its ecosystem (i.e., altcoins), where almost all altcoin gains are closely related to Ethereum.
The rise of Ethereum signifies the rise of the entire altcoin market. Next, let me share my analysis logic:
The right timing, location, and people working together propel Ethereum's explosive rise!
Exchange rate situation: The bottom of the exchange rate is the best time for Ethereum to explode. The weekly demand zone is gathering a large amount of funds, preparing for a rebound, with immense potential.
Market situation: The weekly chart of Ethereum has formed a strong converging triangle. Once it breaks through, the target price could easily reach $4800, $6500, or even $8000!
Funding situation: The influx of funds attracted by Bitcoin's rise is nearing its end, with most funds shifting to the Ethereum ecosystem. The transfer of profit funds provides strong support for Ethereum's rise. On November 30, the net inflow of funds into Ethereum FTE reached $332 million, surpassing Bitcoin's $320 million, clearly demonstrating the market's enthusiasm.
When choosing investment targets, focus on four key factors:
Chasing trends: Follow industry trends closely and choose currently hot fields such as AI, Solana, MEME, etc.
Look at the background: For speculative MEME coins, it is essential to choose projects with strong institutional or technical support to have long-term upward potential.
Defining trends: Through technical analysis, select coins that exhibit bullish trends to ensure participation in a long-term upward market. Validating volume: Observe the inflow of funds and increasing demand, focusing on those projects with amplified gains.
If all goes well, December will be the explosive period for Ethereum and its ecosystem, and altcoins are expected to leap alongside Ethereum's rise!