ETH is currently at a 'relative bottom range', after a 3-month pullback it may initiate a mid-term rebound. Coupled with the repayment plan of FTX releasing billions of dollars in liquidity by the end of May, this could boost ETH and the altcoin ecosystem. The market is focused on the airdrop of protocols like OpenZK in early April and the progress of AI public chain 0G going live, which may become a catalyst for a new narrative.