In Ethereum (ETH) trading, we have reached the global "OB" point on the monthly timeframe, marking it as our primary area of interest (POI) to begin analysis and strategy formation.
In addition, there has been a noticeable accumulation of liquidity from lower levels, indicating a potential decline to the 1-hour FVG (fair value gap) followed by directional development.
In such scenarios, it is extremely important to seek confirmation before making trading decisions.
Bitcoin's current ATH (all-time high) could lead to a period of consolidation, possibly followed by a rally in altcoins.
We continue to closely monitor the market, anticipating potential declines and aiming to achieve our initial targets.