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Is the May market all about this battle for Ethereum?
As the May Day holiday comes to an end, although the cryptocurrency market has not experienced a surge, signs of a phased stop in the decline have begun to emerge, which is undoubtedly a positive signal.
Bitcoin Weekly Trend Analysis: The price has successfully broken through key resistance levels, and bullish sentiment in the market continues to rise. Although the increase is not as significant as last October's market, the market capitalization has solidified its position as the seventh largest asset globally, and breaking through the historical all-time high remains the main objective.
Altcoin Market Dynamics: Dogecoin, Solana, and other sub-mainstream coins have rebounded first, and some strong new coins have exceeded their previous highs. If the upward trend is established, altcoins may welcome a new round of market opportunities.
May Market Outlook: Market focus shifts to the Ethereum Prague upgrade. After the upgrade is completed, the ETH ecosystem is expected to gain new momentum. If it fails to rise with the momentum, it may signal a change in market dynamics, and ETH holders need to prepare for risk management. Let's look forward to whether the Ethereum upgrade will bring surprises or shocks. The market will soon provide an answer!