A Potential Trend Reversal
After observing a double top pattern followed by a subsequent decline with lower lows and lower highs, there has been a recent development worth noting.
Instead of forming another lower low, ETH/USDT established a higher low, yesteray, indicating a potential shift in the prevailing structure.
Every Lunar New year, BTC and ETH both had a great performance.
Despite this positive sign, it is important to remain cautious as the price has not yet broken through the downward trendline.
Confirmation of a breakout above this trendline will be crucial to validate the potential upward trend.
Instead of forming another lower low, ETH/USDT established a higher low, yesteray, indicating a potential shift in the prevailing structure.
Every Lunar New year, BTC and ETH both had a great performance.
Despite this positive sign, it is important to remain cautious as the price has not yet broken through the downward trendline.
Confirmation of a breakout above this trendline will be crucial to validate the potential upward trend.
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