For the next leg of the market, I still think ETH will follow the path shown in chart one. The previous two breakouts from range-bound structures show that history keeps repeating itself, though never in exactly the same way. The timing shouldn’t be too far off. Ethereum has also broken below the upper wick from the start of the move, just like when it broke below the first upper wick in that drop last June; the whole market was bearish then too. ETH is still targeting 5,000. Altcoins are generally still in an uptrend: some coins are hovering near their September 22 highs, some have risen 3.5x, and others—like the entire meme sector—are flat on the floor, hovering around the September 15 lows. I’m very confident about the next meme rally. The supply is very clean, and the price action is very much in line with historical moves before meme coins take off. I think the most extreme levels for Bitcoin and Ethereum are around 79,000 and 2,250, respectively. During the September sell-off last time, Bitcoin never even reached the extreme level of 74,500 that ETH had called out. In the first range, Ethereum pulled back by $100; in the second, by $200; this time it pulled back by $500, so the move is completely done. Altcoins have also fallen by about the same percentage as Ethereum, so they’ve already completed their pullback ahead of time.