ETH Conspiracy Theory:
The monthly line is being suppressed by a dead cross. If it rises above 3300, it will turn into a golden cross, and the entire market will switch.
The best way for the whales to maintain the dead cross is to keep ETH around 3000-3150 until the end of the month. This way, the monthly line will still be a dead cross in November, and then in early December, there will be a violent surge, leading the altcoins into a main upward wave, and then dumping again in the latter half of the month. This will leave behind a pin bar, and the monthly line will continue to show a dead cross, allowing everyone to enter the bear market comfortably.
