This analysis focuses on Ethereum and Altcoins market. The analyst is waiting for altcoin season trigger based on the Ethereum chart, which is currently strong. Caution is advised for the short term due to the resistance area. Even with downside, Ethereum will trigger the altcoin season. Analysis of the altcoin market cap, excluding Bitcoin, is shown on the monthly, which is looking good, but also has some downside potential. The monthly candle looks nice and the analyst wants to see how August ends. There's a separation to the upside on the monthly 20 moving average. The weekly altcoin market cap also has some nice indicators, a 20 week moving average colliding with the 50 week moving average. 9 months of compression before this separation to the upside. If Ethereum and alts start falling, Ethereum might test the lower range, but then bounce. The analyst notes this is a similar chart to the previous move back in May-June 2020.