Analysis: The next few weeks are considered to be the key period of altcoin

According to foreign media today, the prices of most major altcoins such as Ethereum and XRP have returned to 2017 levels. However, in recent weeks, ETH, XRP and other altcoins have shown signs of a continuation of the uptrend, especially ETH (a strong support at $180). Although technical analysts expect the altcoin to fall in the short term, trader Crypto Michael said that the altcoin has fallen to 2017-2016 levels. Does this mean they will continue to fall? Yes, but the risk-reward ratio of the rise in the altcoin is increasing, which creates a more favorable environment for the rise of ETH and XRP.
In addition, in the past seven days, the price of Bitcoin fell from more than 9,000 US dollars to 8,450 US dollars, falling more than 6%. The prices of ETH and XRP fell by about 3% and 5% respectively. The next few weeks are considered to be a crucial period for the altcoin, whether the altcoin will fall back to a lower support level, or continue to rebound.