Morning analysis of the double bottom:
$ETH Long position on the low side: 3120-3130 with a light position, stop loss below 3100, target 3180-3200, break to watch 3240-3260.
$ETH Short position on the high side: 3180-3200 with a light position, stop loss above 3220, target 3130-3120, break to watch 3100-3080.
Morning sees low volatility with sideways movement around 3160, the lowest at 3124 in the early hours, rebounding to 3180 but facing resistance and falling back, indicating a technical correction at high levels, not a trend reversal. Early morning bottom testing, weak rebound, encounterin