Today, ETH is showing a sideways and slightly weak trend.

The current price is around 2026, with an intraday range approximately from 2010 to 2084, indicating that this rebound is moderate and selling pressure above has not fully eased.

In a sideways market, it's advisable not to chase gains or panic sell. Wait until the rebound reaches around 2055; I prefer to go short then, with a stop loss above 2090. The first target is 2010, and if it breaks below, look toward 1985.

There is only one situation where I would temporarily switch to a long position: if the price retraces near 2000 without breaking below, and the 15-minute chart re-establishes above 2030, I will take a small position, aiming first for 2045 to 2060.

Recently, Ethereum's on-chain activity has indeed been strengthening, but the price performance has not kept up. This market looks more like a back-and-forth order sweep rather than a clear, smooth uptrend. So today, I lean more toward shorting on rallies and buying dips, but the priority is still to short on rebounds $ETH