Ethereum Morning Session Update

Early morning surge pushed prices to around 2150, briefly releasing bullish sentiment. From the low of 1796, the price rebounded to the current high, gaining over 350 points overall, which is quite significant. However, it’s important to recognize that this looks more like a technical correction after an oversold condition rather than a structural trend reversal.

The daily chart still shows a downward channel, and the trend framework remains intact. Although a short-term breakout above the midline triggered a rally, it lacked sustained volume support, and selling pressure above became evident. As a long upper shadow appeared, the price started to weaken, and the rebound momentum gradually diminished.

On the four-hour chart, after a series of large bullish candles pushing higher, a resistance-reversal structure has formed, with consecutive downward candles and clear signs of stagnation. The pace suggests not chasing longs; at high levels, the focus remains on a bearish outlook.

Trading Recommendations:
- Consider short positions in the 2055–2075 range, deploying in batches
- Watch for potential pullbacks to the 1950–1900 zone below

The correction phase often comes quickly and leaves just as fast. The key is not to be driven by emotions but to follow the structure.