The market is in the early stages of Altcoin Season

In the chart,
* January → strong rally (~3.3K)
* Early February → sharp dump (~1.8K)
* Afterwards → weak recovery (~around 2K)
In other words, the trend still continues in a sideways movement trying to recover from the bottom.
Especially at the beginning of February, very strong upward movements (-150K $ETH are observed. Normally, this is a bullish signal. However, the price was crushed during the same period. This is a very important inconsistency. This chart breaks the classic textbook scenario. That is, the price should rise during market rallies, but it is falling.
This indicates that there is no demand on the spot side. Investors are withdrawing ETH from exchanges, selling pressure is decreasing, but buying is not coming in. In other words, there is HODL but no new money entering. Structural weakness is emerging. This also shows that there is no liquidity in the market. In this situation, expecting a strong rally for Ethereum would be a big mistake. Rallies always remain reactive. The trend continues in a sideways downward direction.
)ETH is still weak and there is no new liquidity entering. There is no money in the market to drive altcoin rallies. Investors are cautious, choosing to stay in cash. I will not expect this rally unless ETH surpasses $2.5K with high volume.
⚠️ #advertisement or investment advice is not provided. This analysis is my personal opinion. It does not contain certainty.