$ETH is starting to look interesting again, forming a series of higher lows and trying to reclaim that key support level at around $3900.
If we start to hold above it, we could aim for the liquidity up at those equal highs.
Pretty clear trigger, invalidation at target. A textbook setup to trade on @breakoutprop. With account size available up to 200K, you can take a 3R setup, risking just 1% of the account and secure 6K if the trade goes in your direction.
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The TOTAL3 (Altcoin Market Cap) is still looking strong. It’s holding above the 4-year trendline and the 21 EMA, which means the overall uptrend is intact.
Despite volatility, the macro trend for altcoins is still bullish
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I warned you that no Altseason is coming soon.
Altcoin MCap excluding stables was still trading below its 2021 ATH, and I hope you listened.
Yesterday we saw one of the biggest leverage wipeouts ever in alts.
Altcoin MCap excluding stables dropped nearly 40% and is now recovering.
In the coming days/weeks, you'll get your chance to buy the dips and then the real Altseason will start.
Altcoin Season starts in October 2025 🔥
It's the same pattern every cycle, and lowcaps will go parabolic in Q4.
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Last time Altcoins dumped -50% in a single day was during the COVID crash of March 2020. After that we saw a massive Altseason of 2021
We are seeing the same -50% dump in Alts in a single day. If history repeats, we will see a mega altseason next.
Alts/BTC retested its 10-year support trendline.
Weekly RSI reached its lowest level since the tariff crash.
Nearly $20B in liquidations, and $1T was wiped out.
I have never seen anything like this since March 2020, and it's a once-in-a-lifetime opportunity.
Got it?
$ETH is going above $10,000 this cycle.
But before that, a correction will happen, and right now, it's happening.
I think ETH could drop towards the $3,600-$3,800 level before a reversal and a new ATH.
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