ETH: is TOP 1 alt going down? Look at this REVERSAL points!

📈Ethereum(ETH) is TOP 1 altcoin with capitalization of $347B🔥 It`s almost 35% of all ALTs capitalization. That`s why all altcoins copy Ethereum movements. Despite the fact that all cryptocurrency follows Bitcoin, if you want to understand where Altcoins will move, pay attention to ETH. 🎓This is especially evident during Alseasons.

📈Technical analysis(TA). Right now the price is in a falling wedge, which is breaking up. But let me show additional scenarios for you. On the chart you can see a strong support zone for the price of $2560-2670. If WHALES🐳 collect liquidity here and the volumes show us the presence of a buyer🐳, this is an opportunity to open LONGs.
Also, it is possible to open a position after local consolidations and squeezing under the trend line or in the middle of the wedge, as showed on the chart.

🎯Targets:
🔶$3073-3179 - strong value and resistance zone. This is shown by the horizontal volumes.
🔶$3500-3600 - local highs, where traders will take their profit.

🌏If the hawkish statements of the FED continue, and the world geopolitical situation continues to deteriorate, such as the war in Ukraine or Taiwan, or the disruption of oil supplies, then all markets will continue their fall🔻

Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.

Comment:

Trade active:

Hello friends! After a short consolidation in the middle of the wedge, the price breakout it and almost reached the key level of $3,000. A local pullback is possible: traders take profits near the key level, long traders, who entered on the DUMP exit at breakeven.

Growth to the targets will continue as soon as the bulls show strength. Also, pay attention to Bitcoin. If BTC shows strength, the price will easily continue its UPTREND.