eth returning to 3.5k will bounce back. tested 4 times already. It also tested several times at 4k but only broke above 4.1 once.

BTC closes the weekly candle above the 80k area, confirming a 5-6 month uptrend, meaning by the end of March 2025.
In December, the market corrected because altcoins had surged. MM needs to reset in line with wave 2.
After BTC runs, it will be ETH's turn.
ETH breaks out of the long-term downtrend line in the 3500 area.
The surge to 4000 is now back testing this area to verify.
The next phase will be the wave of ETH and altcoins stronger (since ETH leads the wave and dominance starts to decline).