After observing a double top pattern followed by a subsequent decline with lower lows and lower highs, there has been a recent development worth noting. Instead of forming another lower low, ETH/USDT established a higher low, yesteray, indicating a potential shift in the prevailing structure.
Every Lunar New year, BTC and ETH both had a great performance.
Despite this positive sign, it is important to remain cautious as the price has not yet broken through the downward trendline.
Confirmation of a breakout above this trendline will be crucial to validate the potential upward trend.