I think it is a bit rogue to talk about Ethereum without Bitcoin itself.

As shown in Figure 1: The background at that time was that Bitcoin did not create a lower low after the second test, and the bottom was constantly rising. With the start of interest rate cuts and the approaching election, I made a judgment at that time that the trend reversal at the daily level might have come. I personally led my group friends to buy Bitcoin spot at 59,500 when the daily line recovered the previous low on October 10th.