Ethereum must rise for an altcoin rally.

#Ethereumhas been on a negative trend recently, but some data gave the green light with the gain of the $3,600 resistance.

Let's see together if the $3,600 breakout will bring altcoin increases 👇

1) Trend Structure

The $3,600 level was an important S/R flip resistance that has been tested many times. The breakout of this resistance was positive. As long as the $3,500 level is maintained, there is no significant resistance ahead of us until $4,100.

2) Whale Activity

With the $3,600 breakout, whale activity increased to +7. According to Ethereum's averages, +7 is a very good figure.

The fact that whale activity increased with the resistance breakout shows that whales care about this level and that Ethereum, which is above $3,600, is positive.

3) Liquidation Map

With the recent decline, most of the long liquidations were cleared.

Currently, short liquidations are being cleared. Short liquidations are intense in the $3750 and $4,100-$4,400 range.

In summary, we can say that the $3,600 breakout is positive and may bring increases.

As long as the price does not fall below $3,500 again, the current outlook will remain positive, friends. Let's closely monitor the $3,500 support and $4,100 resistance by setting an alarm⏰