Ethereum is attempting to rebound from recent selling pressure, but the recovery so far lacks the strength to confirm a lasting low. The dynamic appearing as corrective rather than impulsive and essential resistance levels remain intact, downside risk remains on the table unless buyers can make a decisive structural change.
No impulsive breakout, no bullish confirmation
According to a recent Ethereum updated by More Crypto Online, the bearish scenario remains valid unless the price provides a clear five-wave impulse advance or decisively exceeds the weekend high. The rebound from last week’s low currently appears corrective rather than impulsive.
Related reading
Momentum has been limited and the structure does not yet suggest that a sustainable background has formed. So far, there is no clear technical evidence that a lasting reversal is underway.
However, Ethereum is trading in a technically significant zone. Following the recent liquidation On the upside, markets have become more reactive, making it important to remain alert to potential reversal signals that could change the near-term outlook.
For now, confirmation is still missing. Until greater structural change occurs, close monitoring of shorter-term microfinance structure remains critical in determining whether Ethereum strengthens or resumes its downward trajectory.
Ethereum attempts to recover after Sunday’s sell-off
Ethereum is trying to stabilize after Sunday’s strong sell-off, showing the first signs of recovery. In his latest analysis, Lennaert Snyder note that, like Bitcoin, ETH printed relatively low 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.
Related reading
Snyder’s broader plan calls for a push toward higher prices, but he prefers to see nearby liquidity pools mitigated before considering quality long positions. With the trend of longer time frames still pointing downward, short setups remain valid if the right structure presents itself.
For long entries, he wants to see a sweep of the lows of $1,946 and/or $1,929, as both represent weak pivots, ideally including a full sweep of the weekend low. Such a move could provide the cash grab needed for a very likely return to the weekend high. However, if prices rally directly from current levels and leave these lows intact, it will instead look for short-term opportunities after a decline. walk structure breakout (MSB) near the $2,107 high.
Additionally, H1 liquidity is around $2,015, offering potential scalp setups depending on whether price accepts above it or abruptly rejects it. Long positions would be considered a clean recovery, while a failure after a sweep could favor short positions. As it is a public holiday, no trades are being made today and the outlined plan remains intact unless price action invalidates it.
Featured image from Pixabay, chart from Tradingview.com
