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On September 22 and September 24, I indicated that a pullback was about to begin and identified ETH’s levels to watch at 2,550 and 2,400. After BTC reached its high on September 22, it failed to make a new high. Although altcoins experienced a second leg upward (which led me to consider a potential rise toward 89,000), this did not materialize, and the market instead moved directly lower. Currently, BTC has pulled back to 82,800 and ETH to 2,550—both of which have reached my observed range. A rebound is possible here; if support is broken, I expect the next targets to be 79,000 for BTC and 2,400 for ETH. If ETH reaches 2,400, a strong rebound is almost certain.

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