This bullish candle for ETH can fool retail investors’ eyes, but it can’t beat the cycle’s script.

“Has ETH finally bottomed out?”
My answer is still those five words: don’t rush in yet.

Why?
Because a real bottom never needs to win the day by squeezing shorts and cutting a ribbon to celebrate.

This pump feels more like an old factory losing power for half a year—when the security guard accidentally bumps the fire alarm switch. In an instant, the whole building blares with alarms, lights flicker, and it looks like it’s back to full strength. But when you look up, the electrical distribution box is still rusted, the wires are still exposed, and the meter is still spinning backward.

ETH has just turned in a “report card” of three consecutive quarters of decline. This isn’t some mystical indicator—it’s the market writing nine months of “bad reviews” with real money.

Then, just as July turned the page, a nonfarm data release briefly revived sentiment. The coin price jumped back above $1700 in one breath. In the group chat, someone immediately shouted: “The bull is back—hurry up and get on board!”