A brief analysis of the current overall weekly bottom trend of ETH: →♥

First, let me clarify: I used the 123 rule, then evolved it into a W-bottom pattern, and will further verify whether the complete W pattern holds up!

For Ethereum, starting from our major cycle bottom-picking strategy at the 2644-2764 monthly range, the price dipped as low as 2620 before rebounding past 3000. After that, it set up for a second test (this is when we applied the 123 rule, as we discussed in our live sessions). For the second test, we targeted 2707-2720 for another bottom pick; the lowest point was around 2717 before reversing, which marked our entry for the second bottom of the W-bottom setup. After confirming the neckline breakout (around 3100), it pulled back again. Last night, we continued to position for another long entry after retesting the neckline resistance, perfectly catching the wick at 2913, and the rebound broke through the neckline again. Currently, the price is consolidating around the neckline area. As you can see, the key area is right here—whether it can break 3100 or not. It’s possible; there could be another small retracement, but it needs to recover quickly. The chart shows the general setup and a summary of our previous long strategies. If you want to know what happens next, make sure to follow and subscribe! Stay tuned for the next update—whether it’s truly insightful or just hype, let the strategy speak for itself. In crypto, knowing and doing must go hand in hand!