Expert Forecasts Final Correction for Altcoins Before Bull Market Resurgence

The cryptocurrency market is experiencing a decline, with altcoins facing significant challenges. Ethereum (ETH) has lost nearly 20% as it struggles to surpass the $4,000 resistance level.

Market Analysis

Ash Crypto suggests altcoins are in a "mid-cycle correction," a typical phase of a bull market.
Historical patterns indicate potential for recovery and higher gains, referencing January 2021's altcoin season.
Ethereum rebounded above $3,200 from a support level of $3,100, showing slight recovery signs.
Another dip may occur before a sustained recovery can begin.

Future Projections

Ash Crypto anticipates one final correction before a bullish trend later this year.
Total altcoin market capitalization could consolidate between $926 billion and $930 billion.
This consolidation may lead to a peak estimated at $3.39 trillion.
Bitcoin's dominance appears to have peaked, suggesting an imminent altcoin season.
Market whales may manipulate prices to shake out retail investors before this surge.

Currently, ETH trades at $3,215, with increases in other altcoins: XRP (5%), Solana (SOL, 3%), and Cardano (ADA, 5.3%). The market awaits further developments regarding consolidation or corrections.