Ethereum has caught attention due to its significant price surge, while some analysts express concerns about potential risks.
Analysts' Warnings About Cryptocurrency Decline
The well-known analyst under the pseudonym Roman Trading warns that Bitcoin may no longer justify the risks. Last year, he predicted that Bitcoin's maximum value in this cycle could reach $120,000 based on observations of cyclical changes. He believes that even a potential 20-30% increase from current levels does not compensate for the risk of a possible decline. He describes the rapid price growth driven by news as a potential trap, providing a chart.
Top Performing Altcoins
Liquidations in the past 24 hours reached $664 million. During this time, Bitcoin was at $117,000. Among the altcoins that performed best are ARB, SPX, and LDO. ARB and LDO notably benefit from the Ethereum rally, while other altcoins like PEPE Coin and SOL also show significant growth.
Current Market Situation Analysis
Trading volumes exceed $230 billion, and the total market capitalization has reached $4.03 trillion. Analysts point to a potential new bull market for altcoins if the current situation with Ethereum persists. Considering the waning concerns over interest rates, a drop in Bitcoin to $114,000 may not significantly impact Ethereum.
Thus, Ethereum demonstrates positive dynamics; however, analysts caution about potential risks that investors should consider.
