Ethereum sideways, Bitcoin & the altcoins marketETHUSDT SPOTBYBIT:ETHUSDTMasterAnandaWhen Bitcoin goes sideways, and the big cap. projects such as Ethereum, the altcoins market responds in a certain way. If Bitcoin and Ethereum produced a bottom, the end of a major correction, this would produce a certain effect all across the altcoins market. If Bitcoin and Ethereum start to consolidate, after a major low, through range trading, sideways action, then we would expect to see a series of strong bullish breakouts across the smaller altcoins. Something like what we saw recently with DENTUSDT, POWERUSDT, LUNC, C98, DCR and many other trading pairs. One of the main signals in support of a bottom being in after a major correction, is to look for a strong reaction across the altcoins market, the smaller projects. This type of reaction is present. It is still small but we can see project after project, day after day, week after week, month after month, breaking bullish. I am seeing most projects, some 98% of them, not producing new lows after 6-February, all are moving ahead. This is the signal that reveals the bottom is in. Ethereum has been moving sideways now for three consecutive weeks. Bitcoin has been sideways also for three weeks. All these mentioned altcoins and many more, hit bottom weeks ago, months ago, and after this bottom started to grow. Many established an uptrend, others only a series of higher lows. While it is still early in this process, it cannot be denied that the bearish trend ran its course. Here we see Ethereum's trading range in the 2H timeframe. While the upper boundary as resistance has been challenged multiple times, the lower boundary as support remains unchallenged. One more for the bulls. The current 2H session has a long lower wick and points to a bullish close. It closes in just one hour together with this day. This is all happening in-between the trading range. A reversal far from the range main low. Retraces and corrections can be used as an opportunity to buy-in, rebuy and reload. We continue bullish on Bitcoin and Ethereum. Since the action is back within our entry range, feel free to go LONG, all the way up to 10X. Thank you for reading. Namaste.