Hello everyone from a brand-new day! 💐 Today, we’ll analyze the #Ethbtc pair on the monthly chart, which could lead the way for altcoin movements.

In the previous bull cycle, we witnessed a significant rally with the cup formation and wedge breakout. Currently, we observe a similar formation developing. After the cup formation is completed, we expect a wedge breakout. Particularly, maintaining stability above the 0.040 level could pave the way for altcoin movements.

• 2016-2017 and 2019-2020 accumulation periods laid the foundation for strong rallies.

• After the 2021 peak, the price entered a downtrend and started a recovery process.

• Currently, the pair is consolidating within a falling wedge formation, which often increases the likelihood of an upward breakout.

🟤 Bullish Expectation: Short-term target zones are between 0.08-0.09.

🟤 Downside Risk: Until the wedge completes, the price could drop to 0.029 levels.

As we can see from the chart, the direction of the wedge breakout will determine the future movement of the pair. I don’t think the rally is too far away—it seems the process is nearing completion. #BTC100KTrumpEffect

This analysis is purely personal. Wishing everyone profitable trades! 🍀

$BTC $ETH