December may be the last opportunity to enter EHT and altcoins. The specific analysis is as follows:
1. BTC fluctuates, SOL weakens: Recently, BTC has shown signs of fluctuation and consolidation, while SOL has shown signs of stalling. However, blue-chip coins related to ETH, such as UNI, AAVE, MKR, LINK, CRV, etc., experienced a collective increase yesterday, indicating that the ETH ecosystem remains the current market focus and has received considerable momentum in recent weeks.
2. BTC.D continues to decline: BTC's market share (BTC.D) is continuously decreasing, a trend that has not been observed for more than the past two years. Currently, BTC.D has fallen below the peak level of 61% in November, indicating a shift in market capital flow, which may mean that funds are flowing into the altcoin market, further boosting the upward potential of ETH and other coins.
3. ETH's surge attracts following funds: The significant rise of ETH in November attracted a large amount of following funds. If ETH experiences fluctuation and consolidation in December, this will become the last opportunity for investors to get on board. With the market's adjustment, it is expected that in January 2024, ETH may welcome an even more stunning performance, bringing surprises to investors.
In summary, December may be a critical period for positioning ETH and related altcoins. Missing out could mean missing future upward opportunities.
