Over the last two weeks, ETH has seen a remarkable run-up. Where ETH was a major loser during the November > January sell-off, ETH is now outperforming most other alt coins.
Seeing current price action, I'm quite convinced that the bottom for Ethereum is in. Only thing we need that would confirm my idea would be a daily close above $2930, ideally a close above $3000. This would indicate we have re-captured an important area of resistance on our way up.