✅ Overall Structure:
Trend: Long-term downtrend (price inside descending channel).
Current Price Action: Attempting to break out of the downtrend channel.
📍 Key Zones:
Important Resistance (0.02550 – 0.02600):
Major zone acting as rejection multiple times.
Marked on chart with: "Important resistance – ALTSeason will start when this resistance is passed."
Resistance #1 – 0.02979: Next key resistance if breakout succeeds.
Resistance #2 – 0.03740: High-level resistance; major pivot point.
OB (Order Block) – ~0.01800: Potential support zone if price crashes.
🚨 Conclusion:
A clean breakout above 0.026 would be a strong early signal for an upcoming ALTSEASON.
This would indicate ETH outperforming BTC and possibly ignite momentum across altcoins.
If this resistance holds, price may drop back and revisit lower zones, including the order block.
Trend: Long-term downtrend (price inside descending channel).
Current Price Action: Attempting to break out of the downtrend channel.
📍 Key Zones:
Important Resistance (0.02550 – 0.02600):
Major zone acting as rejection multiple times.
Marked on chart with: "Important resistance – ALTSeason will start when this resistance is passed."
Resistance #1 – 0.02979: Next key resistance if breakout succeeds.
Resistance #2 – 0.03740: High-level resistance; major pivot point.
OB (Order Block) – ~0.01800: Potential support zone if price crashes.
🚨 Conclusion:
A clean breakout above 0.026 would be a strong early signal for an upcoming ALTSEASON.
This would indicate ETH outperforming BTC and possibly ignite momentum across altcoins.
If this resistance holds, price may drop back and revisit lower zones, including the order block.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.