After everyone made a lot of money in 2021, the long-awaited altcoin (cryptocurrency other than Bitcoin) explosion finally looks to be coming in early 2024. However, the sudden surge and then plunge in the price of Bitcoin has caused the entire market to go bad, and many people have given up waiting for altcoins.

Now, no one is sure whether the altcoin season is really coming, but it is actually just a little bit away. When we look at the price comparison of Ethereum and Bitcoin, we find that Ethereum seems to be a little weak and is about to fall to a very important support point. Moreover, according to some technical indicators, Ethereum may continue to fall. However, as long as Ethereum does not fall too hard, it may still rebound.

However, if we look further ahead, the price relationship between Ethereum and Bitcoin looks like it is slowly getting better. It's like they are walking on a slope, although it is a little bumpy, but generally upward. So, we estimate that after a slight adjustment, the price of Ethereum may suddenly rise to about 0.06 to 0.061 Bitcoin. However, it all depends on whether the altcoin season can really take off. If it doesn't, it may not rise that much.

Finally, if we really see the price of Ethereum rise to 0.085 to 0.09 bitcoins, then everyone can be happy, because that is likely to be a high point. But after being happy, the price may fall again. Therefore, investing in this thing really requires patience and caution.

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