Key Points:

要點：

• Ethereum's bullish price surge and golden cross signal a potential new altcoin season.
• Despite this, investor confidence in certain altcoins has waned.

Ethereum's Bullish Momentum

以太坊的看漲價格飆升和金叉預示著潛在的新山寨幣季節的到來。

Over the past week, Ethereum's price has outpaced Bitcoin's, surging by over 8%. It has also formed a golden cross, where the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA, indicating potential further price appreciation. This is the first golden cross for Ethereum since 2023, which preceded a strong altcoin bull market.

過去一周，以太幣的價格漲幅超過了比特幣，漲幅超過 8%。它還形成了一個金叉，即 50 日簡單移動平均線 (SMA) 穿過 200 日移動平均線 (SMA)，表明價格可能會進一步上漲。這是以太坊自 2023 年以來的首次金叉，這是在強勁的山寨幣牛市之前出現的。

Altcoin Season Indicators

山寨幣季節指標

Ethereum's declining Network Value-to-Transactions (NVT) ratio suggests it is undervalued and poised for a price increase. Additionally, the Moving Average Convergence Divergence (MACD) indicator shows a bullish market advantage, while the Chaikin Money Flow (CMF) indicator indicates increasing buying pressure and an uptrend.

以太坊不斷下降的網路價值與交易（NVT）比率表明它被低估並準備價格上漲。此外，移動平均收斂分歧（MACD）指標顯示看漲市場優勢，而蔡金資金流（CMF）指標則顯示購買壓力增加和上升趨勢。

Is Altcoin Season Upon Us?

山寨幣季節來臨了嗎？

The altcoin season index currently stands at 86, indicating an ongoing altcoin season. Top altcoins like XRP, BNB, and Dogecoin have responded with price increases in the last 24 hours.

山寨幣季節指數目前為 86，顯示山寨幣季節正在進行。 XRP、BNB 和 Dogecoin 等頂級山寨幣在過去 24 小時內以價格上漲作為回應。

Investor Sentiment

投資者情緒

Although these price gains suggest a bullish market, investor confidence in certain altcoins has declined, according to Santiment. This indicates a potential bearish sentiment in the market, which could temper the impact of the new altcoin season.

Santiment 表示，儘管這些價格上漲表明市場看漲，但投資者對某些山寨幣的信心有所下降。這表明市場存在潛在的看跌情緒，這可能會緩和新山寨幣季節的影響。