Ethereum has recently shown a clear range-bound consolidation trend, with technicals accumulating a lot of bullish energy. Based on the current pace, it is very likely to break upward next week.



This is actually a good signal for the entire market. Why do I say that? Because Ethereum's performance relative to Bitcoin is very important — it is now firmly holding above the 21-day moving average. This detail may seem simple, but what does it reflect? Risk appetite is gradually returning. More funds are willing to take risks and allocate into the Altcoin sector, which indicates a shift in market sentiment even more than a straightforward rally of mainstream coins.

In other words, once this Ethereum consolidation phase ends, it is highly likely to boost the overall Altcoin market sentiment. It is worth paying attention to its performance in the coming days.
ETH-0,66%
BTC-0,39%
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WhaleStalkervip
· 01-15 13:51
Breakout is imminent, let's see if it can really break through
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DeepRabbitHolevip
· 01-15 13:38
Wait, is the 21-day moving average really that important? It feels a bit too absolute to say so. Whether this wave can rise or not still depends on the trading volume in the next few days. How aggressive can the pump of air coins be? If ETH holds, it holds. Don't over-interpret it to avoid another wave of cutting leeks.
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CryptoPhoenixvip
· 01-15 13:38
Opportunities are right in front of you, the key is whether you dare to bottom fish --- Wait a minute, is it really so important that the 21-day moving average holds, or am I just comforting myself again --- The night before rebirth is often the darkest. Can we hold on this time? --- Altcoin allocation... just listen, don’t really put your assets in, brother --- Starting to gather momentum again, so I’ll keep waiting. I’ve already waited so long anyway --- Breakthrough next week? I bet five dollars it’s just another false alarm, but I’ll still watch the market --- Bro, I heard your analysis last year, and look what happened... Never mind, I’ll trust it once more --- Rebuilding my mindset, this time I must get through the cycle no matter what --- That makes sense, the return of risk appetite definitely means something, let’s watch it slowly --- I don’t know why, but every time I hear this kind of statement, I start itching to add to my position. This needs treatment
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just_here_for_vibesvip
· 01-15 13:32
Is ETH about to take off just by staying above the 21-day moving average? I feel like I've been waiting for it to break through every day during this period. Is it really the turn of altcoins? I've already been cut many times.
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