Crypto’s Golden Age Starts But Altseason Falters: Here’s Why
Main Idea
The crypto market is experiencing a golden age, but altcoins are struggling to break key resistance levels, with analysts suggesting potential short-term retracements before a possible long-term rally.
Key Points
1. The ETH/USD pair needs to consistently break above $4.1k to overcome major resistance, with a potential short-term retrace to $2.9k-$3.5k.
2. The TOTAL3 market cap (excluding Bitcoin and ETH) and TOTAL2 (excluding Bitcoin) have failed to rally or break all-time highs, indicating altcoin consolidation.
3. Analysts note a major monthly MACD buy signal for altcoins, suggesting a positive long-term outlook despite current choppy market conditions.
4. Ethereum investment products saw $1.59B in net inflows last week, significantly higher than Bitcoin's $175M, with XRP and Solana also recording notable inflows.
5. Public companies are increasingly raising funds to establish altcoin treasuries, focusing on Ethereum, Solana, Tron, and BNB.
Description
The regulatory goodwill from the Donald Trump administration has attracted more attention to the crypto industry. The renewed demand for altcoins by institutional investors has continued amid choppy markets. The ETH/USD pair must consistently break out above $4.1k to invalidate a midterm altcoin correction. The wider altcoin market, led by Ethereum, has so far failed to fully take off, with key market cap charts trapped below major resistance levels. According to crypto analyst Dan Gambardello, ...
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