DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With that being said, let's get into it;

4 Hour Timeframe.

Today we're going to be basing our analysis on the 4h timeframe for our analysis. Something to take note of is that there are some similarities on the price movement of these top Alt coins and the price movement of BTC.

On the Ethereum chart, there has been some retest or respect as on a major key level which acted as a resistance zone in the initial beginning.

But after a break out from the top part of this key level following a retest on it, it acted as a support level which lead to a bullish movement until we eventually reached the next resistance zone.

During this movements, we were gradually following up a trend line, which we broke after multiple retest on the top resistance zone which then translated to a bearish movement.

We're currently retesting on a resistance zone, which might lead to a bearish movement but not for so long hopefully, since the nearest support zone is not that far off.

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Until Next Time, Peace