I came to the conclusion that ETH has bottomed here because I believe Bitcoin has absolute bottomed, and I can see that a lot of ETH has been redistributed in this range, with strong spot and perp support in this area. A good amount of aggressive OI are underwater shorts as well.
The chart also looks bullish to me. This trade has bullish fundamentals, technicals, and the time cycle lines up for a long as well.
The chart also looks bullish to me. This trade has bullish fundamentals, technicals, and the time cycle lines up for a long as well.