The ETH/BTC exchange rate's second bottom did not break 0.03. At this point, the exchange rate has been falling for several years. This bull market completely missed Ethereum. Even in a continuously declining market, there might be rebounds.
To save themselves, the main players will not let Ethereum drop too badly. Every rebound is an opportunity to escape. Whether in spot or futures, there are many trapped positions above Ethereum.
Currently, the exchange rate is strengthening in the short term, following the main players' actions. In the short term, we can pay attention to the opportunity to go long on Ethereum. From the perspective of the Vegas channel, EMA12 has crossed above EMA144. If it can stabilize above 3330, it will further rise $BTC
