Market Update | ETH/BTC rate hits a new bear market low, altcoins under significant pressure
$ETH
Hey bros, pay attention, this morning BTC broke below 77k, triggering a further deterioration in market sentiment, and ETH is also diving rapidly.
#山寨季何时到来？
Key signal to watch: the ETH/BTC rate has now dropped to 0.02713, marking a new low for this bear market! Looking back, since that peak on August 24 last year, this rate has been in a continuous downtrend, and it just can't seem to catch a break.
What does this mean? It means that during this risk-off sentiment, funds are clearly favoring BTC, and the selling pressure on ETH and most altcoins is much stronger. The relative strength of ETH compared to BTC continues to weaken, and we are far from the altcoin season.
At this stage, everyone must be cautious in their trading; don't rush to catch the falling knife with altcoins just because they've dropped significantly. Until the ETH/BTC rate stabilizes or even reverses, it’s tough for altcoins to have any decent independent action. BTC needs to stabilize first; that's the first step toward warming up market sentiment, and then we can see if funds will flow back in.
Keep your patience, control your hands, and wait for right-side signals.
Follow me so you don’t get lost; I’ll provide you with the latest news, updates, and analysis daily, plus the wealth codes you’re looking for. Come find me in the chat room; I only share practical experiences that help you survive in the market!
$ETH
Hey bros, pay attention, this morning BTC broke below 77k, triggering a further deterioration in market sentiment, and ETH is also diving rapidly.
#山寨季何时到来？
Key signal to watch: the ETH/BTC rate has now dropped to 0.02713, marking a new low for this bear market! Looking back, since that peak on August 24 last year, this rate has been in a continuous downtrend, and it just can't seem to catch a break.
What does this mean? It means that during this risk-off sentiment, funds are clearly favoring BTC, and the selling pressure on ETH and most altcoins is much stronger. The relative strength of ETH compared to BTC continues to weaken, and we are far from the altcoin season.
At this stage, everyone must be cautious in their trading; don't rush to catch the falling knife with altcoins just because they've dropped significantly. Until the ETH/BTC rate stabilizes or even reverses, it’s tough for altcoins to have any decent independent action. BTC needs to stabilize first; that's the first step toward warming up market sentiment, and then we can see if funds will flow back in.
Keep your patience, control your hands, and wait for right-side signals.
Follow me so you don’t get lost; I’ll provide you with the latest news, updates, and analysis daily, plus the wealth codes you’re looking for. Come find me in the chat room; I only share practical experiences that help you survive in the market!
