$ETH

The trend of altcoins is down? Here's the reason!

The recent trend of altcoins is really uncomfortable. Many coins are still at the bottom of the bear market, and it feels like there is no movement. Some people ask, why aren't altcoins rising now? The reason is actually very simple.

First, everyone is waiting for Ethereum

The current price and trend of Ethereum are the vane of the market. The fundamental reason why altcoins don't pull up is that they are waiting for Ethereum to break through. Once the big fish of Ethereum rushes, the altcoins behind will soar. Therefore, in the short term, if Ethereum is not strong, altcoins will not go up easily.

Second, V God is not strong enough

Recently, everyone knows what he is doing. He is picking up girls all day long, and the project doesn't look very strong, so altcoins are naturally weak. This also leads to insufficient motivation for Ethereum, and altcoins naturally appear weak.

Third, the market is bearish, which is beneficial to altcoins

The bearish sentiment in the market is getting heavier, and many people are saying that "the bear market is coming." Do you think this is a bad thing? On the contrary, the pessimism in the market has created opportunities for the outbreak of altcoins. Because every time the bear market is not optimistic, the dog dealer takes the opportunity to pull the market. Historically, many altcoins have quietly risen in this "no one is optimistic" atmosphere.

Fourth, Trump is about to take office, and the news cannot be ignored

Don't forget that Trump is about to take office, and there are less than two weeks left. The market is waiting for his policy changes, especially whether the spot ETFs of Solana and Ethereum can be successfully passed. Once these policy news are implemented, the impact on the market is self-evident. Moreover, Trump's support for cryptocurrencies may also bring a new round of market conditions.

The weakness of altcoins does not mean that they have no chance, but that they are now waiting for a breakthrough opportunity. Ethereum, dog dealers, policies, etc. are all affecting their trends. So the most important thing now is to be patient and wait until the limelight comes before the altcoins start.

The short position entered at 3360 last night also made a small profit of 130 points

Now we are waiting for the market to stabilize and prepare for bottom-fishing. Bottom-fishing before the New Year will make you have a good year!

Continue to pay attention: SUI UNI SOL PNUT NEIRO DOGE