$DOGE If ETH experiences any downward spikes or retracements now, such as around 3300, even just a 10% drop, it will trigger a decisive panic because too many people have chased the price up this time, undermining the foundation.
But this means that the time to buy altcoins is getting closer. It is already evident that altcoins are underperforming BTC, and for altcoins to hit the bottom, they still need to underperform ETH. The long-term bottom for ETH has already appeared, which is between 2500-3000. At prices below 3000, ETH can maintain its exchange rate against BTC.
In other words, the next focus should be on the exchange rate of altcoins against ETH, buying the dip.
