📉 ETH Weekly Close: The weekly candle for Ethereum just closed with a sharp decline, effectively erasing the gains from the previous several weeks. The chart is essentially resetting the recent bullish narrative for the second-largest asset. 📊 Underperformance Alert: This cycle, ETH’s relative performance against Bitcoin has been notably weak. This persistent lag is the primary reason the majority of altcoin traders are feeling the squeeze. When the anchor asset underperforms, the entire altcoin ecosystem feels the structural pressure. ⚠️ Bitcoin’s Key Level: Even if we consider $60,000 as the cycle bottom for BTC, a retest of that zone would spell significant trouble for the broader market. The correlation is tight. If BTC revisits that liquidity, most altcoins—including major caps—would face severe downside risk. 🔍 Market Reality Check: This environment demands a focus on relative strength and macro positioning. The current structure favors patience over aggression. The data suggests we are in a phase where capital preservation is as critical as opportunity hunting. #Bitcoin #BTC #Ethereum #ETH #SOL #BNB #ADA #XRP #SUI #ZRO #ONDO #LINK #PEPE #DOGE