Looking at the ETH/BTC trading pair alone, the weekly level is in an oversold area, and the daily level has actually formed a double bottom pattern. Currently, the daily MACD is about to form a bullish crossover near the zero line (if today closes with a bullish candle).

So next, it will continue to rebound and rise to the position of 0.0384, which is exactly the support level from the previous declines in September and October. There will be a pullback, and if the trend is strong, after a pullback to 0.0378, it will continue to rise towards 0.04135.

Therefore, as long as Bitcoin does not crash, Ethereum will begin to show a rebound and upward trend, leading to a wave of daily-level increases. Don't miss it.