Daily market analysis - ETH
1. Ethereum is heading for a new high and may lead the market charge
Ethereum is steadily breaking through the key $4,000 mark, and is currently only $100 away from surpassing the high in March. With this momentum, the breakthrough is not expected to be too slow.
If Ethereum breaks through the previous high of the year first, it will greatly boost market sentiment and drive a number of altcoins to rise simultaneously. As the "leader" in the market, Ethereum is expected to play a key role in the future bull market.
2. Daily and weekly level bullish trend, position strategy
From the daily and weekly lines, Ethereum is still in a clear bullish trend. Therefore, under this trend, investors are advised not to sell Ethereum easily. For altcoins, operations should be carried out according to specific market performance.
If it is found that some altcoins are experiencing a clear downward trend, it may be time to switch positions and concentrate funds on stronger currencies. The overall strategy should be "get rid of the weak and keep the strong", and prefer to hold assets with stable performance or great potential for growth.
