Looking at today’s chart on Ethereum, the market feels divided. Some are eyeing $6K if ETF inflows continue to build, while others warn of a pullback toward $4.2K with leverage piling up. Institutions seem to be accumulating, but whale selling is keeping things a bit bearish feels like a real tug of war.
And that is the main reason why people saying that there are no altcoin season because of what we have seen in ETH. Even though there are money flowing in them like for the ETF, it is way below it's previous all time high.
There are side plays popping up across chains like launchpads and AMMs on Solana but ETH still feels like the main scene of attraction rn.
If ETH is still the main attraction, so why is it not reaching all time high? While SOL has reaches it's high this year alone.
Do you think Ethereum holds strong here, or are we setting up for another shakeout before the next run ?
It's very hard to see where ETH is going, we can only hope that it will still leads the altcoin market in the last quarter or at least give it's investor a good all time high before the end of the year. And it should be around $6k to at least give it's investors some good profits in this cycle. Otherwise, it might lose it's value and other altcoin might turn over like SOL and TRX or BNB.