Is an Altcoins rally coming? When? ETH/BTC 1W chart;

8月31日

ETH BTC 1W chart;

On the chart we see two falling trend lines (red dash), one rising trend line (green dash). The price is in this range.
It bounced 2 times from the OB resistance just above it. This place is weakened. It can also be interpreted that if it weakens enough, it may go up to the OB area above.

It touched the lower green trend line 3 times and the last time it touched it, the mismatch on the RSI side stands out. So it gave an upward signal.

The big red candle on the right shows the monthly volume. In other words, since the month started, it has gone down without going up.

The appreciation of #Eth against #Btc means that altcoins are also appreciating. Accordingly, it is expected that a movement in altcoins will begin. Likewise, I have previously informed that many of the altcoins are in strong bottoms and trend compression.

Although there is a downtrend extending from September 2022 to the present day, a close above the -OB level just above the current level will be the beginning of an upward trend. Therefore, it is important to follow this level.