$ETH ‌Ethereum Rebounds, But the Real Test Is Still Ahead

Ethereum is trading near $2,310 after a strong bounce from its recent low. The move seems solid at first glance, but the chart shows there's still work to be done. This moment calls for patience rather than haste.

Current Market Structure (1H)
ETH is still in a short-term downtrend. Yes, the price rebounded from the $2,150 to $2,200 demand zone, but the structure hasn’t turned bullish yet. Lower highs are still in place, and the price stays below key resistance areas. This bounce is a reaction, not confirmation.

Key Levels That Matter
Resistance Zones
$2,380 to $2,420 → Immediate rejection area
$2,600 to $2,650 → Major supply zone

Support Zones
$2,230 to $2,260 → Short-term support
$2,150 to $2,200 → Strong demand (recent low)

These are not guesses. These are areas where the price has already shown significant movement.

Bullish Scenario (Conditional)
For ETH to be bullish, it must:
Hold above $2,250
Form higher lows on the 1-hour chart
Break and hold above $2,420

If that occurs, a move toward $2,600 and above could happen. Even then, it would just be a relief rally, not a complete trend reversal.

Bearish Scenario (Still Valid)
If ETH:
Fails to hold $2,250
Gets rejected from $2,380 to $2,420

Then the price could fall back to $2,200, and if it drops below that, the downside risk would increase again. Weak bounces often trap impatient traders.

Final Thoughts
ETH bounced because it was oversold, not because the trend has changed. This is a decision zone, not a spot for blind entries. The chart will reveal the truth soon. The only question is: Will buyers support this bounce, or is it just a pause before the next move?