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ETH is about to determine the direction of the market, with a high probability of moving upwards.
Looking at the Fibonacci retracement curve from 3498-3857, it has already oscillated more than 8 waves and has almost perfectly landed on the retracement line. After one more oscillation at most, the direction will soon be determined.
Moreover, next week is also a super week with the Federal Reserve's interest rate meeting + non-farm payrolls. Even if the interest rate meeting brings negative news, it will not change the fact that there will be a rate cut in September. Even if there are negative spikes, the trend for altcoins will continue to rise.
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