$TOTAL2 suggests to me that we are close, but $ETH and Altcoins still have some more pain to go before things start turning bullish again.

• Clean 5-wave structure in play.
• 1–2–3–4 done. Wave 5 still pending.
Right now we’re sitting at macro RLs + weekly demand.
Been here ~8 weeks with no meaningful reaction.
That’s not strength.
Below the range lows, there’s still untouched liquidity sitting in the monthly breaker zone.
Which means one thing —This is still not a bottom.
Not in terms of price, not in terms of time.
Either:
• We get a proper capitulation → sweep below RLs into that liquidity
• Or we spend months chopping in this range, slowly building a base
Anything else is just hopium.
This isn’t a trade call.
Just mapping HTF structure so LTF decisions don’t get you rekt.
#TOTAL2 #ETH #Altcoins