Recently, the Crypto Assets market has shown new dynamics, with Ethereum (ETH) performing particularly well. Market analysis indicates that Bitcoin (BTC) has broken through the 120,000 USD level, but the upside seems to be limited, showing clear selling pressure. In contrast, ETH still has significant rise potential, theoretically expected to reach a high of 7,000-8,000 USD to catch up with BTC's rise.



It is worth noting that the strong performance of ETH is impacting other altcoins. Various altcoins, including Solana (SOL) and Binance Coin (BNB), are facing erosion of market share from ETH, and investors should carefully consider investment opportunities in other altcoins.

Currently, the focus of the Crypto Assets market seems to be on Ether. As BTC approaches its short-term top range, while other alternative coins face pressure from capital outflows, ETH has become the most attractive investment target in the market.

ETH recently broke through the key resistance level of $4300, further confirming its strong upward momentum. This breakthrough not only marks an improvement in ETH's technical aspects but also reflects the market's optimistic expectations for its future development.

In such a market environment, investors need to closely monitor the price trends of ETH while also being wary of potential pullback risks. The Crypto Assets market is ever-changing, and a reasonable risk management strategy remains key to successful investing.
ETH5.33%
BTC1.9%
SOL6.08%
BNB1.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
RektRecordervip
· 08-12 02:50
There are always suckers with endless dreams.
View OriginalReply0
StablecoinGuardianvip
· 08-12 02:41
sol, bnb are done for
View OriginalReply0
ImpermanentPhilosophervip
· 08-12 02:35
BTC is too slow, just waiting.
View OriginalReply0
OnlyOnMainnetvip
· 08-12 02:30
Suckers dream of financial freedom.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)