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Recently, the crypto assets market has shown interesting dynamics. Ethereum (ETH) has demonstrated strong resilience, quickly recovering after each price fall. This performance contrasts sharply with other alternative tokens, which are experiencing substantial declines.
Despite the downward pressure Ethereum faces at its current position, its resilience is noteworthy. However, if other alternative tokens continue to follow Ethereum's trend, they may risk breaking through historical lows.
It is worth noting that the current alternative coin market seems to lack the participation of large funds, which is mainly dominated by retail investors. In this case, market manipulators (commonly known as 'whales') appear reluctant to push up prices. They may realize that even if they artificially inflate prices, it would be difficult to find high-level buyers in the current market environment.
Although some may have an extremely pessimistic view of the prospects of certain alternative tokens, believing they will completely go to zero may be an exaggeration. The current market conditions reflect changes in investor sentiment and capital flow, which may continue to affect the performance of alternative tokens for some time to come.
In such a market environment, investors need to stay vigilant and carefully assess the fundamentals of various projects, rather than blindly following market sentiment.