Ethereum recently broke through a three-month high, standing at $2631, and is currently approaching the key psychological level of $2800. It is worth noting that large orders have been significantly consumed, and the resistance above has notably weakened. The path ahead is temporarily unobstructed. Approximately 4000 and 2000 orders remain near $2800 and $2850, respectively.

Currently, ETH/BTC shows signs of bottoming out. As long as it can stabilize above the weekly 20 moving average, it will completely reverse and end the 3-year decline in exchange rates. Technically, Ethereum presents a head and shoulders bottom structure. If it breaks through the neckline, the target price could reach over 4000 dollars.
The altcoins are currently leading the Ethereum ecosystem, whether they are from the Ethereum or SOL series. As long as there are strong mainstream leaders driving the market, it is a positive sign, indicating that the bullish sentiment among investors is high. Although Bitcoin has risen for 8 consecutive weeks, altcoins still have room for catch-up.
As the ETH/BTC exchange rate strengthens, the strong period for altcoins has arrived. The biggest variable in this cycle is the attitude and policies of institutions and the U.S. government towards Bitcoin, and all disturbances in the cycle are brought about by them. What is meant to come will eventually come; there is no pendulum that stops swinging. We are in the final months of the bull market, so hold on tight!