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Ethereum bulls are putting up a "final stand"?
After the 1510 low, three consecutive probes for a bottom — is it a solid floor or a flimsy defense?
Since the 1839 crash, the bearish trend has never truly reversed, but subtle changes have recently appeared on the chart.
The price has repeatedly tested the 1550-1560 area and is quickly pulled back each time, with each decline narrowing in amplitude — a classic sign of resistance-based bottoming.
However, volume has continued to shrink to near-monthly lows, indicating extreme market hesitation and a lack of fresh capital inflows. Such low-volume bounces often fail to sustain.
In terms of trading strategy, 1550-1600 below is the bulls' last line of defense; a break below would open downside space.
Above, 1620-1650 serves as a short-term touchstone.
The price is currently in the middle of a range, with unclear direction. Retail investors are advised to remain cautious.
If you want to participate, be sure to use light positions, stay defensive, and consider reducing positions near the resistance zone above.
If the key support below holds, you can try to go long, but if it breaks, you must exit decisively.
The recent sideways movement is so boring, only scalp trading small swing moves is possible. Yesterday's short from the Asia session remained profitable #ETH $ETH