#ETH has surged past $3,000—what's next?#


After the general election, there is no particularly important news worth following. BTC hit a historic high of $77,179.1 last night and is now sideways above $76,000. The trading volume is shrinking. Institutions are pushing BTC midweek, while suckers are pushing AltCoin over the weekend. This is a common scene in past Bull Markets. At this moment, ETH has broken through $3,000, which will inevitably drive the related coins associated with ETH. First, the coins related to Defi and L2zone will appear in the zone rotation. Has the season for AltCoins really arrived? Yibo has always believed that without the grandeur of AltCoins, no matter how much BTC is pushed, it cannot be called a Bull Market. It can only be said that it is a one-man show for BTC's Bull Market!
So the future trend of the crypto world may have three possible scenarios:
There are two scenarios: the US stock market and BTC continue to soar, BTC sucking blood, no altcoin season or small-scale altcoin season. It will continue until the first half of next year, and then the US economy will experience a slight decline, the US stock market and the cryptocurrency market will fall, and the Bull Market will end.
The second type is a collective pullback of the US stock market and the currency market, and even small black swan events occur. Market makers take advantage of the situation to dump and accumulate positions. Then around the second quarter of next year, the bull run gradually starts and the altcoin season arrives.
The third type, a combination of the previous two, begins with two waves of bull run, first the US stock market and BTC continue to surge, BTC absorbs, there is no altcoin season or a small-scale altcoin season. It continues until the first quarter, then falls back under the influence of events. Next, with the fading of the event impact and the accelerated rate cuts, the market restarts in the second half of the year, and a round of rising altcoin season arrives, lasting until the end of 2025.
The current narrative and Liquidity of the crypto world industry are not in place, and the market sentiment can be said to be very volatile and difficult to predict. What possibility do you prefer? Feel free to leave a message in the comment section for discussion, or join the Yibo Shu Coin live channel to chat together.
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ETH0,39%
BTC0,24%
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GateUser-4a30533fvip
· 2024-11-10 01:51
All in All in 🙌
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