ETH reached $4000 - Path to Altseason Phase 2

[RichMedusa]

Fear and Greed chart is still mild, even so, ETH reached $4k today. Expectations for finally breaking through the $4,100 resistance level are positive.

Let's see if we will start seeing large cap altcoins gaining momentum in the coming weeks

 

[hitoka]

Next couple of months will be crucial for alts/alt season in general. IMO long overdue, this cycle so far has been pretty disappointing apart from BTCs movements.

 

[RichMedusa]

Next couple of months will be crucial for alts/alt season in general. IMO long overdue, this cycle so far has been pretty disappointing apart from BTCs movements.

Indeed, it has been disappointing due to massive price suppression and market manipulation, big players and institutions have been investing nine figures for months, eventually they will want to reap their solid earnings

 

[k2h2]

Fear and Greed chart is still mild, even so, ETH reached $4k today. Expectations for finally breaking through the $4,100 resistance level are positive.

Let's see if we will start seeing large cap altcoins gaining momentum in the coming weeks

View attachment 464855

What altcoins you expect to benefit from this?

 

[RichMedusa]

What altcoins you expect to benefit from this?

For short term, I would expect XRP, HBAR, XLM benefiting from it.
Huge coins, such as BNB, SOL, ADA and LINK should pump more soon too
Other large caps that are delayed, like AVAX could receive more attention in a few weeks, but it's speculative, let's see.

For now, large caps (really large caps, +10B marketcap) should be the next spot to receive more attention with ETH

 

[hitoka]

Indeed, it has been disappointing due to massive price suppression and market manipulation, big players and institutions have been investing nine figures for months, eventually they will want to reap their solid earnings

True, that in combination with Solana sucking up a huge amount of volume from low cap coin traders.

 

[Spicy Chromosomes]

New ATH coming in the next weeks

 

[Opulentos]

Next few weeks will be interesting. I think September will be good for alts

 

[Lucas Agency]

So, the ALT season is finally coming?
Hope so...

 

[Venusaur]

Next few weeks will be interesting. I think September will be good for alts

August can be even better
September can have that ''sell the news'' event when (and if) they cut interest rates and it weirdly triggers a minor correction
But next months should be great for altcoins

 

[sonami]

Has been a long time coming in my opinion, BTC has had its time and now we’re off to ETH and then rest of the alts. I knew ETH would get a good push when everyone started losing hope on it.