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Ethereum is as strong now as it was weak before; the target of 3100-3200 has been reached. ETH/BTC has broken through the short-term supply line's resistance and also surpassed the highs of May and June, beginning to break upwards. Therefore, Ethereum has become relatively strong in the last couple of days. From January to June last year, the 360-day line had previously suppressed ETH/BTC four times, and it is likely to form resistance again. In this case, Ethereum's corresponding short-term target is between 3600 and 3800.
The current BTC and ETH are two sets of logic. BTC has both a value investment aspect and characteristics of a risk asset. Therefore, regardless of monetary easing, BTC can continue to rise. The passage of the stablecoin bill, along with major institutions and listed companies continuously accumulating ETH, suggests that in the future, ETH may also rise continuously like BTC. After all, Ethereum is the most important crypto foundation at present.
The strong rise of Ethereum will also drive the altcoin season, with altcoins rising across the board. After the strong altcoins at the top have surged, the market's attention will shift to quality assets that have not yet increased in value. Therefore, everyone should keep their eyes open for investment research and focus on strong assets related to the ecosystem, such as ena, aave, uni, ethfi, arb.
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