On July 25th, the weekend $ETH move—this one is still relatively weak for now.

I checked the current market: the 4-hour structure has already worked through a pullback, and price has been staying pressed near the short-term moving averages. The rebound strength is clearly not enough. The 1-hour timeframe has stabilized with some recovery, but I haven’t seen any real signal of a genuine shift to strength yet.

Also, it’s the weekend—U.S. stocks are closed, so overall market liquidity is low. In this kind of environment, it’s easiest for price to poke up and down with those “needle” wicks. A lot of the time it looks like a breakout, only for it to get slammed back immediately. So you can’t be too aggressive with your trades.

Right now, I’m more inclined to look for shorts after a rebound, rather than chasing a short directly at low levels.

Aggressive to watch: 1868-1875
Wait patiently: 1885-1895

Downside targets:
First target: 1850
Second target: 1835
Extreme target: 1815

If the 4-hour chart manages to reclaim and hold above 1905 again, it means the bearish structure has been broken, and you’ll need to adjust your thinking.

Seasoned retail traders watching the market: on weekends, what you fear most is rushing—if the level you want hasn’t been given to you yet, just be patient and wait. It’s not that there’s no opportunity; it’s that we should wait for a better risk-reward setup.
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