Part 5/7:
Ethereum appears to be showing promising signs, with a potential bullish pattern hinting at a target range of between $3,150 and $3,200 if it breaks upward from a flag formation. The general consensus positions Ethereum favorably within the current altcoin season, despite some skepticism about it surpassing its all-time high.
Market Sentiment and Economic Indicators
The total market cap of cryptocurrencies, excluding Bitcoin, hovers around $1.19 trillion, while Bitcoin dominance is experiencing minor fluctuations. Moreover, the fear and greed index rests relatively high at 74, indicating an overall bullish sentiment.