Ethereum is trying to rebound after recent selling pressure, but the recovery so far lacks the strength needed to confirm a sustainable bottom. Where the momentum seems corrective instead of impulsive and important resistance While levels are still intact, downside risk remains unless buyers can make a decisive structural shift.
No impulsive pause, no bullish confirmation
According to a recent one Ethereum update by More Crypto Online, the downside scenario remains valid unless the price delivers a clear impulsive five-wave advance or breaks decisively above the weekend high. The rebound from last week’s low currently appears corrective rather than impulsive.
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Momentum has remained limited and the structure does not yet suggest that a sustainable bottom has been formed. So far, there is no clear technical evidence that a sustainable turnaround is underway.
However, Ethereum trades within a technically important zone. Following the recent liquidation Markets have become more reactive, making it important to remain alert to potential reversal signals that could change the short-term outlook.
Confirmation is still lacking for the time being. Until a stronger structural shift occurs, micro-effects in the lower time frame will need to be closely monitored structure remains key to determining whether Ethereum builds strength or resumes its downward trajectory.
Ethereum is trying to recover after Sunday’s sell-off
Ethereum is trying to stabilize after Sunday’s sharp sell-off and is showing early signs of recovery. In his final analysis, Lennaert Snyder noted that ETH, like Bitcoin, posted relatively weak weekend extremes around $1,929 at the low and $2,107 at the high. These levels now serve as key liquidity reference points for the week ahead.
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Snyder’s broader plan anticipates a push toward higher prices, but he prefers to soften nearby liquidity pools before considering high-quality long positions. With the trend on the higher time frame still pointing down, short setups remain valid if the right structure presents itself.
For long entries, he wants to see a sweep of the $1,946 and/or $1,929 lows as both represent weak pivots, ideally including a full sweep of the weekend low. Such a move could provide the liquidity grab needed for a very likely reversal back to the weekend high. However, if prices rise straight from current levels and leave these lows untouched, he would instead look for short opportunities after a market structure break (MSB) near the high of $2,107.
Furthermore, first-half liquidity is around $2,015, offering potential scalp setups depending on whether the price above is accepted or sharply rejected. Longs would qualify on a clean callback, while failure after a sweep could favor shorts. Since it is a holiday, no trades will be placed today and the outlined plan will remain intact unless price action invalidates it.
Featured image from Pixabay, chart from Tradingview.com