Hope to see ETH's rebound in the coming months
BTC.d formed a long upper shadow today, so we need to pay attention to this indicator. Once the second peak of BTC.d is confirmed and starts to turn down, the altcoin season will begin.
Currently, I am only looking at ETH for a simple reason: as the leader of altcoins and the second in the crypto space, if ETH does not reach an ATH, the altcoin season will not happen; it will at most just be a rotation of sectors.
History is always remarkably similar. We have less than 3 months until the first sell-off in 2025, and ETH is likely to see a rebound. This is the final grinding phase for ETH, so don't give up.
Looking back at the trends from January to May 2021, BTC went up and down while setting new highs. After several operations, everyone started to FOMO, and during March to May, as ETH rebounded, altcoins began to celebrate, ultimately leading to the significant drop on May 19.
If history repeats itself, we are likely to see a market similar to that of March to May 2021 between January and March 2025. Be mindful of risks and be cautious about taking profits.