#Uptrend #AltcoinSeason will be when #ETH breaks ATH and continues to hold at high price levels.
Last time ETH broke ATH at 1.4k and then #ETC multiplied 20 times in a month.
I don't think history will repeat exactly, but it will be fundamentally similar.
We're talking about the case where ETH surpasses ATH but doesn't correct strongly. Because the crowd has taken profits on ETH at ATH, the crowd holds cash but ETH's price doesn't correct and keeps rising, the crowd will use their cash to buy altcoins that are at low prices.
Because if they don't do that, what other option is there? Holding cash means losing value, and major assets like gold, real estate, stocks, BTC, ETH are all at their peaks.
Oh, there's another option to continue trading BTC and ETH at the peak. This method is actually safer for the account because major assets have lighter downturns. But always being at the peak can be risky, with strong winds and pressure.
Show original
9.24K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.