Ethereum’s price hovered around $3,886.94, marking a mild recovery over the last week. HYPE, a newer entry on traders’ radars, followed closely at $43.41, climbing alongside ETH as market sentiment improved. However, the comparative performance chart tells a more revealing story: ETH’s momentum plateaued mid-week, while HYPE’s short-term spike was followed by sharp corrections.
The crypto market is rotating and showing signs of this, especially among mid-cap altcoins. The first thing that has to be done is to cash in the profits from assets that have already enjoyed a substantial rally this quarter. The chart of HYPE for October has a good example of this same pattern: a quick surge of around 25% followed by a decline to the 10%-12% range. Such a pattern of movement is one of the indicators of a peak in the short term, and traders start searching for projects with real fundamentals and a new entry.
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