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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.