📊 #BITDailyChart# | Ethereum Attempts to Form a Double Bottom Ethereum is attempting to establish a double bottom, providing traders with a clearly defined technical support level. While fundamentals and market structure still warrant caution, the pattern suggests a more constructive outlook as long as Ethereum holds above its recent low. The softer-than-expected inflation reading has also improved the macro backdrop for risk assets. In addition, Ethereum ETFs could post their first month of net inflows after eight consecutive months of outflows, offering a potential, albeit modest, improvement in institutional demand. Disclaimer: This content is provided by a contracted analyst for informational purposes only and does not constitute investment advice. Investing involves risk. #BIT# #Ethereum# #ETH# #EthereumETF# #MacroMarkets#