Despite the apparent calm in the market over the weekend, signs of undercurrents have emerged. The ETH/BTC ratio has seen a slight rebound, but it has been on a downward trend for three consecutive weeks, decreasing from 0.04 to 0.035, suggesting that funds are gradually withdrawing from Ethereum.

This week, $ASTER and $XPL 's outstanding performance brought a bit of vitality to the market. However, this superficial prosperity masks a deeper market differentiation. Many established altcoins are still hitting new lows on centralized exchanges, reflecting the current structural differentiation of the market: only a few leading projects are truly benefiting.

From the market trend perspective:

Bitcoin successfully broke through the consolidation zone over the weekend, standing above the 111 level, and the weekly chart has also stabilized above the middle band of the Bollinger Bands, with a short-term challenge against upward pressure. The 4-hour chart shows that after receiving support at the 109 position, it has formed a triangle convergence pattern, and the subsequent breakout direction is worth paying attention to. This wave of movement is quite similar to the situation at the end of August: after touching the daily support, the MACD indicator began to recover, indicating that the upward trend may not be over yet.

Ethereum rebounded strongly last night, breaking through the consolidation area with an increase in trading volume. The price movement over the next two trading days will verify the authenticity of this breakout. Regardless, the market is likely to show some performance this week.

For other cryptocurrencies, as the holidays approach, the market may mainly experience fluctuations. It is expected that after the holidays, the market will resume an upward trend, at which point other cryptocurrencies are also likely to take off again. Therefore, if there is a downturn during the holidays, it could be an excellent buying opportunity.

It is worth noting that the two most关注的领域 in this round of行情 are perpetual contract decentralized exchanges (Perp DEX) and another yet-to-be-defined track. This indicates that the market is looking for new growth points and innovative directions.

Overall, although the market seems calm on the surface, it is actually undergoing a quiet transformation process. Investors need to stay vigilant, pay attention to structural changes in the market, and be prepared for potential new opportunities.