$ETH

Observing the W timeframe, ETH is completing a pretty nice weekly candle. Along with a slight breakthrough through the trendline area of 3652. If ETH maintains its upward momentum and breaks through the 3K7-3K9 mark, then the ETH wave officially begins.

This section of the chart is quite similar to BTC breaking the downward trendline many months ago at the 75K5 area.

As I shared in previous articles, ETH is the backbone, or "Digital Oil" to lead the Altcoins wave.

The article about the Altcoins wave or Altcoin season yesterday, when the index was at 65/100 points.

In my opinion, AS is being activated in phase 2 (as shown on the right).

Currently, the monthly candle of ETH has reached its 5th candle, so with a strong upward trend and maintaining sideways on the 3652 area, this month ETH will have a large, green, long-bodied monthly candle with wicks on both ends.

$BTC

Bitcoinboy-8686

$ETH ETH OBSERVATION AREA AT THIS MOMENT...THERE ARE SIGNS OF BUYING Pressure 1H--Currently forming higher lows RSI has a move above the lower average line. Buying pressure has been gradually participating...It's safe to wait for confirmation on the 2H or 4H timeframe. Scenario B: The good show begins, SHORT orders will be liquidated, and the liquidation amount will be very large (see the right frame). A long and strong wick extending from the current correction area of scenario A at the price of 3K2, pushing the price and pulling the wick above the 4K mark will occur. Ending the green monthly candle. And the Altcoin wave will start again like in recent days, and even stronger creating FOMO until 24/12/2024 there will be another correction. A large liquidation area of SHORT orders from 3k5 and 4K will begin. Will continue to update projections!