Analysis: Altcoin market value is expected to break through significantly. If it rebounds successfully, it will prove that the market is turning to the Ethereum ecosystem.

According to Odaily Planet Daily, on-chain analyst Ali said that according to Glassnode data, Bitcoin recently fell below the 200-day simple moving average (SMA). His analysis said that in an upward trend, Bitcoin falling below the 200-day SMA may suggest a buying opportunity. However, staying below this level for a long time may mean the beginning of a bear market.