$BTC $ETH
Altcoins are doing their favorite thing again — dropping 10% to 15% just because Bitcoin dropped $1,000.
Right now, it's crucial for $ETH to hold the $2,300 level to avoid falling back into the same pressure cycle we saw in February — or worse.
A breakout above $2,960 for Ethereum is very, very important. It would reduce Bitcoin’s dominance and allow altcoins to rise without being dragged down by Bitcoin, avoiding the fear of a bull trap or just a corrective move before breaking new lows.
The current range between $2,300 and $2,950 for Ethereum is causing major volatility in altcoins, so be very cautious within this zone. It’s better to wait for a clear breakout from this range before taking strong trading positions.
Altcoins are doing their favorite thing again — dropping 10% to 15% just because Bitcoin dropped $1,000.
Right now, it's crucial for $ETH to hold the $2,300 level to avoid falling back into the same pressure cycle we saw in February — or worse.
A breakout above $2,960 for Ethereum is very, very important. It would reduce Bitcoin’s dominance and allow altcoins to rise without being dragged down by Bitcoin, avoiding the fear of a bull trap or just a corrective move before breaking new lows.
The current range between $2,300 and $2,950 for Ethereum is causing major volatility in altcoins, so be very cautious within this zone. It’s better to wait for a clear breakout from this range before taking strong trading positions.