The altcoin market has broken below a two-year trend, reaching a value of $564.33 billion, signaling potential weakness. While December 2024 marked a peak in sentiment, recent performance mirrors past market bottoms. The approval of Ethereum ETFs has been significant but hasn’t resulted in immediate market movement. Despite this launch, the response from traditional investors remains mixed, with varying levels of gains across different altcoins. This break below the two-year log channel is accompanied by repeated failures to overcome resistance near the $1 trillion mark. However, technical analysis sees this as a significant indicator, while some remain hopeful about potential recovery if Ethereum prices rise again, potentially influencing broader market direction in the short term.