Cok_7

Technical Review
​Deep squat jump pattern: After ETH dropped to around 2251 (note that this is usually an extremely pessimistic oversold zone in market sentiment), it quickly rebounded to the current 2304.88. This is a typical early stage of a “V-shaped” reversal.
​1-hour MACD bottom divergence confirmation:
​Price made a new low (2251), but the MACD green histogram momentum did not follow the new low; instead, it started to contract and formed a golden cross (DIF: -9.76 / DEA: -14.44).
​Conclusion: The bears are exhausted, and the short-term rebound momentum is relatively strong.
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