Bitcoin reaches a new high, but altcoins are generally in a pullback state. When will it be the altcoins' turn to rise?

Although the total market capitalization of the crypto market has successfully surpassed 3.9 trillion, setting a new high, this is mainly attributed to Bitcoin. At this time, Bitcoin's market share has also exceeded 57.38. On major CEXs (centralized exchanges), the funding rates are generally below 0.01%. Typically, funding rates above 0.01 indicate a bullish market, while those below suggest a bearish sentiment, so the current funding rate situation does not strongly support altcoins continuing to rise.

Ethereum, although performing better than most altcoins, still sees the ETH/BTC exchange rate declining. However, last week, inflows into Ethereum ETFs reached $850 million, setting a weekly historical high, indicating that the sentiment towards ETH from off-exchange funds is warming up.

Several institutions predict that Ethereum will reach an all-time high by the end of the year. I also think this is quite possible, as long as the Ethereum Foundation does not create any issues, reaching ATH will be as simple as breaking through a layer of window paper.

The turnover period for ETH has passed, and this week marks the acceleration time. First, let ETH open up space upwards, and then the altcoins will follow. The outlook for ETH has become much clearer!