Recently, many people are waiting for a rebound, but based on the current trend, the market still remains in a weak state.

On the weekly chart, the bearish structure is still ongoing. Although trading volume has increased, most of the funds are still playing low-level games, and no clear trend reversal signals have been seen.

On the daily chart, ETH continues to fluctuate around the 1700-1750 range. It looks relatively calm on the surface, but this narrow sideways movement often indicates preparation for the next wave of market action.

There's a saying:

The longer the horizontal, the deeper the vertical.

The longer the sideways consolidation, the greater the potential for explosive volatility afterward.

Currently, short-term moving averages are beginning to converge, indicating that the market is waiting for a new direction. Pay close attention to tonight’s closing, especially during the active evening trading hours, as the market may experience new changes.

My view remains unchanged:

Until a clear trend emerges, maintain a primarily bearish outlook.

Short-term oscillations are more like corrections during a downtrend, not signs of a reversal.

Focus on the support zones around 1550-1480. If volume increases and breaks below this level, the bears may further accelerate their movement.

Trading is something you wait for, not something you guess.

Patience is more important than frequent trading.