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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Post original content on Gate Square related to WXTM or its
#打榜优质内容#
ETH breaks through 4200, is the second spring for altcoins just a high dive?
ETH breaks 4200, like the first bird song of spring, stirring the dormant altcoins. But I must remind you: the bird song could be a sign of spring, or it could be the calm before the storm.
Market Rhythm:
* Bull Market Phase: The rise of ETH will drive related altcoins in DeFi, L2, and NFTs to follow.
* Consolidation phase: ETH rises and falls, while altcoins often drop even harder.
Judgment method:
1. Check if BTC Dominance is declining; if Bitcoin's dominance weakens, there will be more opportunities for altcoins.
2. Check the Ethereum gas fees; high activity indicates the ecosystem is heating up.
3. Look at hot narratives, such as AI coins, GameFi, and Restaking, to see if there is capital inflow.
Joking ending: ETH breaking 4200 could mean "spring has come," or it could be "just a spring dream." Altcoin players better prepare two scripts: one for advancing and one for retreating.