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Many investors may be concerned about the recent Fluctuation in the Crypto Assets market, but after a deep analysis of various technical indicators, we find that there are currently no obvious bearish signals.
The price trend of Ethereum shows a typical bullish flag pattern. Although there was a slight pullback after breaking through $4,200, the price remains within a bullish range. If it can break through the current area, it is likely to challenge the levels of $4,600-$4,800 again.
The market capitalization chart of altcoins also shows positive signals. We have observed a descending wedge pattern, which usually indicates that the market is accumulating rather than selling off. Historical experience suggests that this pattern often breaks upward, implying that once Ethereum starts to rise, funds may flow significantly into small and mid-cap coins.
In the comparison chart between Ethereum and Bitcoin, an inverted head and shoulders pattern is forming. If this pattern is confirmed, we may see Ethereum outperform Bitcoin again, which usually leads to more funds flowing into other altcoins.
The price of Bitcoin seems to be retesting the local support level around $112,000 to $114,000. As long as Bitcoin can hold this area, it creates favorable conditions for Ethereum and other altcoins to rise during Bitcoin's consolidation.
Overall, the current market is not in a bearish zone, but may be preparing for the next round of upward movement. This market environment—Bitcoin consolidating, Ethereum strengthening, and altcoins having the opportunity to perform—often represents typical characteristics of altcoin season.
At this stage, it is crucial to maintain patience and the correct market positioning. Investors should closely monitor market trends and be well prepared to seize opportunities promptly when clear signals appear in the market.