The cryptocurrency market at the beginning of the year can indeed be quite unsettling—Bitcoin surges and everyone gets excited, then when it adjusts, regrets start to set in. Actually, there's no need to switch moods so frequently; what we should do is return to the candlestick chart and clarify our thinking through technical analysis.

I want to focus on Ethereum's recent trend. Honestly, the long-term bullish pattern is already quite clear, and the double bottom pattern currently in front of us is a pretty good entry window.

Some might say, "Every day someone calls for a bullish outlook, can we trust that?" Good question. But we don't rely on emotions; let's look directly at the data and patterns.

Let me briefly explain what a double bottom is. After the price hits a bottom, it rebounds first, then falls back again, but this time it doesn't break through the previous low. The entire movement looks like a "W". Why is this pattern important? Because it reflects a shift in market sentiment—when the price first drops, the selling pressure is still strong; the rebound indicates funds are starting to buy the dip; and when the second decline still holds above the previous low, it shows buyers have taken over, and the previous downtrend is likely to reverse.

Ethereum's current performance is a textbook example of a double bottom. Looking back at last October's correction, ETH bottomed around $2,700, then had a nice rebound to about $3,200. Afterwards, it retraced with the overall market, but interestingly, it never broke below the $2,700 support level. Instead, it stabilized at the $2,800 line. This pattern tells a story: the buying strength at the bottom is strengthening, and the rally baton is being passed on.