-W- pattern and current Ethereum $ETH Trading Chart ..
In cryptocurrency trading, the "W pattern," also known as a double bottom, is a bullish reversal pattern that suggests a potential shift from a downtrend to an uptrend. It's characterized by two distinct price lows (troughs) at roughly the same level, separated by a central high. This pattern signals a loss of downward momentum as buyers step in to prevent further price declines.
