Hello everyone, colleagues!

In the last review, I mentioned that if the price falls below the ascending support of the triangle, the next area of interest for buyers will be in the range of $95K-100K.

The price dropped into this zone last week (not without the influence of the geopolitical news background) and received a decent reaction from buyers around the $98K level, leaving a spike at the $100K level. However, in my opinion, this reaction is not enough for continued growth and a return to historical highs.

As part of a logical reaction and working off the spike at the $100K level on the 1D chart, as well as to fully cover the gap on the CME exchange, there is a possibility of the asset rising to around ~$103400, from where I expect another decline to the $95K level mentioned in the last review. In this range, where the 200DMA 1D passes and the global ascending support from the highs of 2021 is located, it is essential to closely monitor the reaction of buyers; most likely, they will start to show up there.

At this moment, from the current support levels, I don't see strong signals for a rebound. If the asset holds above $103400, the decline scenario is canceled.

#ETH

Regarding altcoins in general, I think it’s better to keep a distance from them for the long term until the situation with Bitcoin and its dominance #BTC.D clarifies, which, so far, continues to creep upwards.

On Ethereum itself, the ascending triangle could not be maintained, and the price returned to the support level of $2145, from where it also received a slight reaction. In the near future, I expect a retest of the broken 200DMA 1D around $2500. With favorable conditions and a positive news background, Ether may return back into the triangle, from where it will continue to rise. In the worst case, the next support will be the $2K level.

From the news background, there are no key strong triggers on the horizon, except for geopolitics, and the Iran-Israel-USA relations. Regarding macroeconomic data, if they come out within the forecast, then volatility will be moderate and limited.

With this, the brief overview of the guides is complete; thank you for your attention! Wishing everyone a good working week and profit!