ETH just closed the week above the exact level that rejected it every single time since May

2,368 rejected every rally from May right up until the June flush wiped the board clean. Same as how the CHoCHs close after its deviation & reentry of the lows mattered, so does this weeks close. It didnt just tag the level, it closed above it, no wick, a full weekly close through months of overhead supply.

That flips the whole distribution zone from resistance into demand sitting underneath price. A level that heavy getting reclaimed on a confirmed close usually isnt the end of the move, its the start of the next leg.

ETHBTC already broke its corrective retracement back in June and has been leading since. ETH reclaiming its own heavy levels while alts wake up broadly is usually when rotation out of BTC dominance actually accelerates.