ETH/BTC: Has the altseason begun, or is this just another false alarm?
The chart is trying to tell us something big is coming, but can we trust it, or is it like that friend who swears they are starting a diet on Monday and then shows up with a pizza? Let’s take a fun look at the indicators and see what they are saying.
The Parabolic SAR is below the candles, cheering on Ethereum and saying, “You can do it!” But just like that diet promise, it has said this before and nothing changed. Maybe this time it means business. The MACD looks indecisive, with its lines so close they seem to be debating between hitting the gym or staying on the couch. Right now, the couch is winning as the histogram is nearly flat.
The Stoch RSI, sitting at 30.66, feels like it is saving its energy, much like that friend who leaves the party early to relax but ends up binge-watching Netflix. The CRSI, with a neutral 51.54, simply shrugs and says, “Whatever.” The market feels as torn as someone standing in front of the fridge, unable to choose between salad or cake.
The resistance at 0.03840 is like that stubborn button on your jeans that refuses to close no matter what. If ETH breaks through, maybe altseason is finally here. For now, it looks more like a small bounce giving hope before things settle back down.
So, is this altseason? Not yet. It feels more like warm-up laps. If you are waiting for an altcoin explosion, take a deep breath and watch the charts. When the real altseason comes, you will feel it, and it will not be another diet-that-starts-on-Monday kind of moment.
$ETH #AltcoinMomentum