The fate of the altcoin depends on $ETH 🪙

The ETH price is now at a very important volume level of $3,350. If the price fails to return above it with a daily or 12 hour candle, the decline may continue as ETH will no longer have strong support.

In this case, the decline will continue to the liquidity zone in the range of $3,050 - $3,200, where I expect a long trade possibly until January 20. I also do not rule out a test of the $3,000 level from which a true market reversal will take place.