Ethereum bulls are putting on a "last stand"?

After the 1510 low, three probes of the bottom — is it a solid floor or a paper-thin defense?

Since the 1839 avalanche, the bearish trend has never truly reversed, but the recent price action shows subtle changes.

Price has repeatedly retested the 1550-1560 zone and quickly rebounded, with each decline narrowing in range — a typical sign of resistant bottoming.

However, trading volume has been shrinking to near-monthly lows, indicating extreme hesitation and no new money entering the market. Such low-volume rallies often do not last.

In terms of trading, the 1550-1600 zone below is the bulls' last line of defense; breaking below would open up downside.

The 1620-1650 zone above is a short-term touchstone.

Currently in the middle of the range, direction unclear, it is advised for retail traders to stay cautious.

If participating, use light positions, prioritize risk management, and consider reducing positions near overhead resistance.

If key support below holds, one may attempt to go long, but if it breaks, must exit decisively.

The recent market has been chopping sideways badly; only small scalps are possible. Yesterday's ETH short order continues to profit $ETH