RAMADAN MUBARAK EVERYONE😇
So guys this is my market analysis, I could be wrong but what I learnt I am sharing you that.
This is ETH on monthly time frame. Remember eth will bring alt bullrun not btc, if you don't know why, please learn that first I cant describe the whole story here. On monthly time frame eth has to come down at almost 1700 zone, reasons---
1))
ETH made a double top, or you can say an "M" pattern so it has to come down to complete it.
2))
There are 2 fvg 1 at 1900 zone and 1 at 1700 zone, on 1700 zone, it has both monthly and weekly and daily fvg,
3)) October liquidation is still pending and market didn't sweep that still
There are some fundamental analysis also but that's too lengthy to be shared.
CONCLUSION::
ETH is making a bearish fvg also at the moment, market could go up a little, means 2300-2500, but eventually it has to come down to 1700 zone.
Alts will only fly when money will flow out from btc, means btc will dip or stay sideways, money will first transfer in eth and the circulation start in alts and it will fly.
DYOR, that my own analysis, not a financial advice