On the day of the big pancake increase, group friends didn't say a word, Ethereum surged like it was pumped up. Okay, then I declare BTC is a garbage coin, Ethereum is the valuable coin!!

Let's analyze this Ethereum surge.

First, the weekly oversold signal. Previously, during the last two weekly oversold instances, one triggered a 100% rebound, while the other directly became the starting point of a bull market.

Second, the weekly EMA200 moving average. This is the dividing line for bullish and bearish trends, a position with extremely high odds.

Third, the price pattern's previous low support area.