Ethereum bulls are putting up a "final stand"?

After the 1510 low, three bottom tests—is it a solid floor or a paper-thin defense?
Since the crash from 1839, the bearish trend has never truly reversed, but recent price action shows subtle changes.
The price has repeatedly retraced to the 1550-1560 zone only to be quickly pulled back, with each dip narrowing in scope—this is a classic sign of resistant bottom formation.
However, trading volume has continued to shrink to near-monthly lows, indicating extreme hesitation in the market and no fresh capital inflow. Such low-volume bounces often lack staying power.
In terms of strategy, the 1550-1600 area below is the bulls' last line of defense; a break below would open downside room.
Above, the 1620-1650 zone is a short-term litmus test.
Currently, the price is in the middle of a range, with direction unclear. Retail investors are advised to remain cautious.
If you want to participate, keep positions light and prioritize defense. Consider reducing positions near the resistance above.
As long as the key support below holds, you can try to go long, but if it breaks, you must exit decisively.
The recent price action has been so sideways, all we can do is scalp small swings. Yesterday's short from Ethereum still worked out $ETH