In the past week, mainstream cryptocurrencies continued to fluctuate at low levels. Looking back at this round of market, it has been several months since the peak last year, and many coins have shown technical bottom signals.

Ethereum recently showed a DeMark 13-week bottom signal, which usually indicates that the long-term downtrend may be coming to an end. Recently, Dogecoin, Ripple, and Cardano also triggered this signal and have maintained it. Interestingly, Bitcoin has been oscillating at this price level for a full 5 months since its peak in August last year.

Market bottom signals often indicate that the short-term decline is about to end. To be honest, after such a long period of bottoming and accumulation, there should be a rebound eventually. The current question is whether this time can truly initiate an upward cycle or if it will continue to fluctuate—no one can say for sure. But from a technical perspective, at least some positive signals are beginning to flicker.