$ETH
Observing the W weekly frame, ETH is completing a pretty nice weekly candle. Along with a slight breakout through the trendline 3652 zone. If ETH maintains its upward momentum and breaks through the 3K7-3K9 mark, the ETH wave will officially begin.
This chart is quite similar to BTC breaking the downtrend line many months ago at the 75K5 zone.
As in previous articles, I shared that ETH is the backbone, or "Digital Oil" to lead the Altcoins wave.
An article about the Altcoins wave or Altcoin season yesterday, when the index was at 65/100 points.
In my opinion, AS is being initiated in phase 2 (as shown in the image on the right).
Currently, ETH's monthly candle has been going through the 5th candle, so following the strong increase and maintaining the sideway above the 3652 area, this month ETH will have a large, green and long monthly candle with 02 ends.