Ethereum (ETH): Possible double bottom pattern

Ethereum has finally reached the support zone we’ve been watching since last week.

Now that the price is in that zone, we’re anticipating a potential bounce, which has been playing out well so far. If buyers manage to secure this area, we should see a nice recovery towards the EMAs. However, if they fail, the price could gradually break below the support, leading to a broken double bottom pattern, which typically triggers a strong downward selloff

Swallow Team