Bottoming out and rebounding, a bullish structure begins to take shape



This week, Ethereum broke out of a “V-shaped reversal” structure. Early in the week, it fell back from the 2403 high, continuously extended lower to a low of 2218, and then stabilized in the support zone. In the second half of the week, it rebounded repeatedly to close green for the day, showing a clear “sharp drop followed by gradual rise” repair characteristic throughout the week.

On the daily timeframe, a double-bottom structure formed around 2220, with the right bottom higher than the left bottom, indicating a bottom-lifting trend. The price has moved back above the middle band of the Bollinger Bands, turning the short-term bias to a range-bound but bullish setup.

Go long directly around 2280, targeting 2390 first; if it breaks through, look for 2480.
$BTC $LAB $ETH
BTC0.45%
LAB-46.65%
ETH0.97%
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