The market is immersed in euphoria, with Bitcoin (BTC) breaking through $103,000, and Ethereum (ETH) rebounding to the $2,200 level. This round of $BTC rally indeed had early signals, with consecutive large net inflows of on-chain ETF and a record high profit ratio for holders, which primarily reflected the continuous bullish sentiment of main funds.
The MACD formed a golden cross on May 8th and maintained a bullish structure, with trading volume simultaneously expanding, indicating further price momentum.
In terms of social sentiment, topics like "ETF inflows" and "institutional buying" have seen a surge in popularity, with top institutions frequently expressing their commitment, becoming a sentiment catalyst.
Tokens in the Ethereum ecosystem such as EIGEN, UNI, and ZK have risen significantly, accompanied by strong performance from meme tokens like PEPE, NEIRO, and BRETT. Market total value: $3.37 trillion, 24-hour clearing: $867.1 million, Fear and Greed Index: 73 (Greed) Small market cap gains Moo Deng +103% Not in Employment +77.1% Joe Coin +59.2% Koma Inu +50.1% Luna by Virtuals +44.6%
ETH rose 20% in a single day, Vitalik returned overnight, Altcoins generally rose - is the crazy Altcoin season about to arrive? Attention! ETH successfully reversed BTC, with exchange rate surging 15%.
Historically, when the ETH/BTC exchange rate rises, funds flow from BTC to other cryptocurrencies, driving overall market enthusiasm.
ETH's bull market is the true bull market Only $ETH can truly revive Altcoins. When BTC rises, Altcoins might still be falling; but once ETH starts - DeFi, Meme, AI will fly together Many are asking: Is the bull market here? If ETH remains idle, it's just a structural opportunity; only when ETH stands up can Altcoins truly take off. BTC is an indicator, ETH is the engine, Altcoins are the turbo BTC is the sentiment indicator, telling you funds have arrived ETH is the ecosystem engine, making funds move Altcoins are high-leverage, surviving on ETH's blood Every previous large-scale Altcoin explosion was backed by synchronized increases in ETH TVL, Gas, and DApp activity. So what's the focus now? Not constantly changing chains or chasing hot topics, not FOMO new narratives, but focusing on the ETH main line - once it starts, load up on mainstream Altcoins and strong narrative projects. ETH's bull market is the true bull market for on-chain users. Once ETH rises and stabilizes, everything will come alive - the true Altcoin season is just beginning.
In the Altcoin sector, led by Ethereum, there's a nice rebound, especially in the AI sector. I checked the ones I bought the dips on, and they've already broken even with small profits. Of course, some sectors haven't started yet, and Altcoins are basically driven by rotation - when it'll rotate to everyone's chosen sector is unknown.
Sharing two potential targets
$siren
Siren is the leader of BSC, Siren will lead BSC to greatness again, I say Siren is the BSC leader this round, right? Pulling up every day.
Looking back at the past period, SIREN's pullbacks after each breakthrough have been very healthy, with no major funds exiting and no community FUD. I can only say that at this position, it has broken through historical highs, with a weekly W bottom, not at the top, but preparing to open the next space.
$PEPE
PEPE has stronger control than most Altcoins, already doubled from April to now. If ETH staking/ETF-related speculation restarts, PEPE might replicate last year's upward trend.
Current price is not suitable for chasing highs, wait for pullback or new narrative stimulation (like Meme season + ETH ecosystem heat).
Holders can partially take profits and keep base position for event-driven opportunities.
Non-holders should watch for lagging catch-up opportunities when BTC/ETH breaks through.
This article only provides personal perspective information.
That's all for today, I'm Dao Le Ge, everyone can follow the daily article updates!
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