In technical terms, a higher low forms when price finds support above the previous swing low, suggesting buyers are defending higher levels. Historically, it’s a precursor to sustained upside.
Case in point: The May rally. ETH/BTC flipped structure and ripped nearly 100% off the lows. On the USD chart, ETH bounced hard off the $1,850 level, rallying close to 40%. Clear rotation out of BTC and back into ETH.
The problem was that the move never locked in a higher low, and the momentum fizzled.
Now, though, the structure is starting to switch again. Does this mark the start of a broader trend shift, and is $3,000 shaping up as the next solid base for Ethereum to build from?
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