The strong bounce off this level happened exactly in the midst of Operation Hammer and the near-immediate ceasefire that followed shortly after. Just like I’ve outlined many times before, don’t follow the news narratives, rather look at the charts – they’ll tell you all you need to know. As a result we’ve seen a nice modest gain since then across risk-on markets, although we’re still within the broader accumulation range, therefore the opportunity for those still on the sidelines currently waiting to allocate further capital is still clear and present, however I doubt it will remain this lucrative for much longer now as the cascade of bullish price action and strong fundamentals narratives are ramping up to create the beginnings of a euphoric cacophony. Whilst Bitcoin remains on its historic tear despite all the macro headwinds, let’s take a look over and see how the altcoin market is doing. 

The rest of the crypto market remains undervalued for the most part, yet all the top 10 majors appear to be in their own versions of an accumulation structure. Ultimately, market lows seem to be in across the board since the Trump Tarriff dip which was absolutely necessary and needs to be the case for the stronger Alt-assets to remain bullish for the remainder of the cycle, although we haven’t seen them break out of their aforementioned accumulation zones either quite yet. This means even for the major alts, the opportunity to buy low before moving higher also remains clear and present just like Bitcoin. Ethereum as the number #2 asset is still undervalued, yet holding its accumulation zone of support that we’ve outlined in previous articles. This is slowly but surely stacking the odds in its favor that there’s a lot more upside than downside risk from here on out. Holders almost always have their patience rewarded for holding in periods of “boring” accumulation periods such as this - just remember it’s not about timeframes; it’s about levels and trend. Trend is holding for ETH, so being bearish on it here in nominal terms is a massive counter-trade and usually these kinds of market participants that spread fear and “pile-on” an underperforming asset right at its market lows. Just like the Fear and Greed Index that we outlined in previous articles, if you counter-trade the sentiment of the masses, the odds are already in your favor. ETH/BTC is still above our projected must hold level, likely to keep increasing in the coming months. I believe this will align with when Bitcoin surges past the $112K high with momentous rise and slingshots to the next $150K target.