$ETH eth this coin has altcoin characteristics, especially in 2024 when btc is in a sideways range, eth and sol will have their own explosive rises and drops; folks interpret it as not really recovering from losses. It's basically a zb short-term trading model in the market, harvesting retail investors.
With Trump in office and crypto legalized, some mainstream coins have become strategic reserves for the US, with Wall Street institutions heavily purchasing ETFs, but the main focus is still on btc's buying volume. Previously, eth maintained a 1.5-3x correlation with btc's ups and downs, but now it's more often aligning directly.
Even when btc is in a sideways trend, eth stays in sync, rarely moving independently. The entire mainstream coin market is more around the fluctuations of big brother btc, reducing its own volatility; you'll notice that using boll, ema, and ma to analyze support and resistance levels often shows short or slight overshoots, while btc's position seems to be more tightly stuck at the indicator lines.
Last year, on April 9th, eth surged from 1380 to 4950 by October, a gain of 2.5 times. So, in early October, seeing btc heading into a bear market, I took a phased approach to offload spot and positioned for eth shorts instead of btc shorts. In a bull market, if eth stretches too much, then in a bear market, the drop will definitely be severe, but the reality is that the decline didn't meet expectations.
Currently, btc is hovering around 75000, with eth at 2200. Compared to April 9, 2025, when btc was at 74500 and eth at 1380, eth is almost 1000 points higher now. You could also see this as the start of the bear market on October 10, 2025, where, during the two downtrends of 126200 and 98000, eth's drop was only about 10% higher than btc, which led to btc breaking down from 74500 to 60000 while eth remained at 1736, not breaking below 1380.
From the historical trend data analysis, eth is no longer moving in multiples of btc's ups and downs, so trading eth doesn't necessarily yield greater returns. In fact, due to its own characteristics, its resistance and support levels are influenced by btc's rise, stop, and rebound, which is why trading btc feels more comfortable now.
Of course, some people are eth believers, but in the current environment, eth analysis must be combined with btc indicator analysis. If btc's short-term indicators look bearish, even if eth's look bullish, it will follow btc's decline, adding a bit of a passive factor.
In summary: If eth reverts to its previous multiple increases and decreases relative to btc, then trading eth would definitely have a better risk-reward ratio. If not, trading btc is more comfortable and the levels are easier to pinpoint.
With Trump in office and crypto legalized, some mainstream coins have become strategic reserves for the US, with Wall Street institutions heavily purchasing ETFs, but the main focus is still on btc's buying volume. Previously, eth maintained a 1.5-3x correlation with btc's ups and downs, but now it's more often aligning directly.
Even when btc is in a sideways trend, eth stays in sync, rarely moving independently. The entire mainstream coin market is more around the fluctuations of big brother btc, reducing its own volatility; you'll notice that using boll, ema, and ma to analyze support and resistance levels often shows short or slight overshoots, while btc's position seems to be more tightly stuck at the indicator lines.
Last year, on April 9th, eth surged from 1380 to 4950 by October, a gain of 2.5 times. So, in early October, seeing btc heading into a bear market, I took a phased approach to offload spot and positioned for eth shorts instead of btc shorts. In a bull market, if eth stretches too much, then in a bear market, the drop will definitely be severe, but the reality is that the decline didn't meet expectations.
Currently, btc is hovering around 75000, with eth at 2200. Compared to April 9, 2025, when btc was at 74500 and eth at 1380, eth is almost 1000 points higher now. You could also see this as the start of the bear market on October 10, 2025, where, during the two downtrends of 126200 and 98000, eth's drop was only about 10% higher than btc, which led to btc breaking down from 74500 to 60000 while eth remained at 1736, not breaking below 1380.
From the historical trend data analysis, eth is no longer moving in multiples of btc's ups and downs, so trading eth doesn't necessarily yield greater returns. In fact, due to its own characteristics, its resistance and support levels are influenced by btc's rise, stop, and rebound, which is why trading btc feels more comfortable now.
Of course, some people are eth believers, but in the current environment, eth analysis must be combined with btc indicator analysis. If btc's short-term indicators look bearish, even if eth's look bullish, it will follow btc's decline, adding a bit of a passive factor.
In summary: If eth reverts to its previous multiple increases and decreases relative to btc, then trading eth would definitely have a better risk-reward ratio. If not, trading btc is more comfortable and the levels are easier to pinpoint.