From Investing.com:

Summary 1: Ethereum (ETH) is losing the fight against Bitcoin (BTC) and the ETH/BTC ratio is on a significant downtrend. Despite ETH showing resilience against USD, Ethereum’s performance in comparison to Bitcoin remains weak, indicating that Bitcoin still rules the cryptocurrency market. This raises the question of whether an alt season is imminent.

Summary 2: Solana (SOL) is facing a significant challenge as it enters a period of correction, retracing from its recent peaks. The approaching trendline resistance level could be a defining moment for the cryptocurrency, potentially signaling the resumption of a bullish rally, depending on whether it can push through this barrier.

Summary 3: The Solana meme coin, Bonk, has surged by more than 30% recently, labeled as the “GameStop” of Solana. Its recovery coincides with a more positive market outlook, as major cryptocurrencies are also witnessing a bullish trend reversal. The increased trading volume and movement above key moving averages indicate strong bullish sentiment behind Bonk’s price rise.



Read more: No Alt Season? By U.Today