ETH is stronger than BTC, this type of market is a common bottoming pattern, maintain a bullish mindset:
"Drawing a door and drawing a U is a common method for shaking out positions", last night ETH played around with drawing a door and drawing a U for a long time, causing significant shaking of positions. However, there was no break.
ETH starting to play like this also confirms my speculation about the intentions of ETH market makers:
This technique is generally preparation for the upcoming rally, on one hand trying to shake out floating positions with a different method, and on the other hand testing the loyalty of the chips.
Unless there is a very inexplicable dump, or a sudden panic sell-off that directly breaks the level. Otherwise, the testing shouldn't be a big problem.
At this critical juncture, we must hold on. The market makers' intentions have reached this point, and we should not let go now.
Most altcoins are already prepared, those that needed to be shaken out have been, and those that needed testing have been tested, all waiting for ETH. Once ETH is in position and starts to rally, the altcoins will easily follow up.
