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$ETH has reset itself very nicely.
Each time we have had the 5D MACD start to roll up like this after a full reset alongside the RSI, it has led to significant upside.
The only outlier to this is 2022.
But there are key differences to take into consideration.
In 2022 we were entering a massive liquidity tightening cycle. Right now we are entering expansion.
Also, $ETH put its lowest level RSI back at $1,350 which is equivalent of a bear market bottom.
It is impossible to know if the bottom is in here or not, but the signs are adding up that the bottom formation is well under way imo.