#ETH is holding strong, What does it mean?

Ethereum (ETH/USDT) on the weekly timeframe is consolidating within a large symmetrical triangle, nearing a crucial decision point. Price is currently testing the 100 EMA (blue) as support, while the 200 EMA (purple) remains below as a stronger long-term support level. Holding above the 100 EMA and ascending trendline could trigger a breakout towards the $3,800 - $4,200 resistance zone. A clean break above this range would confirm bullish momentum.

However, if ETH loses the 100 EMA and breaks below the ascending trendline, the next major support lies around the 200 EMA near $2,300. This is a less likely scenario.
Volume remains low and must increase in the coming weeks , indicating an imminent breakout. Confirmation above $3,200 or below $2,400 will dictate the next major trend.

Alts will follow ETH and we will see a major breakout in altcoins throughout the market.

What do you think?

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Thank you

#PEACE