$ETH

Let's analyze Ethereum, the father of altcoins.

Ethereum broke the downtrend last week and raised many altcoins with it.

When you look at the weekly chart, you see that it broke the resistance point sharply in the downtrend.

The reason for this was to hunt investors who increased the risk in their positions because the altcoin rally was close. They all became liquid.

Ethereum wanders above and below this downtrend for a while.

They don't let everyone lose the altcoin rally easily.

If Ethereum spends a week or two above $4000, this long explosion risk will be minimized.

Good luck to everyone.