$ETH just stood at 2650$, and today’s opening price also opened at 2611—first time in the past 8 months.
Don’t underestimate this candle: ETH is the altcoin’s anchor. Once it was pushed to this level and then stayed there for half a year. Now that it’s back above it, it’s like prying open the funding threshold for the altcoin season.
Historically, when ETH stabilizes, it usually means the ALT rally is being warmed up—not that it will go crazy and surge tomorrow, but that the most uncomfortable grinding downtrend phase is very likely over.
Compared with chasing a meme that’s already pumped, low-level lagging “blue chip” ETH beta offers a better value.
Don’t underestimate this candle: ETH is the altcoin’s anchor. Once it was pushed to this level and then stayed there for half a year. Now that it’s back above it, it’s like prying open the funding threshold for the altcoin season.
Historically, when ETH stabilizes, it usually means the ALT rally is being warmed up—not that it will go crazy and surge tomorrow, but that the most uncomfortable grinding downtrend phase is very likely over.
Compared with chasing a meme that’s already pumped, low-level lagging “blue chip” ETH beta offers a better value.