$ETH seems to be supported by the 8-hour channel line. That is to say, whenever the price returns to the 8-hour EMA144/169, it is time to be vigilant and prepare to go long. However, the real signal of certainty is still the formation of a double bottom or a triple bottom. For Ethereum, why is the bottoming tonight more likely to rise? That is because the gap between it and the previous two bottomings is long enough. The longer the bottom, the more stable the foundation. Therefore, the second bottoming was not successfully broken because the gap was too small and lacked stability. In short, I am more optimistic that this rise can effectively test or even break through the previous high!
