ETH's market structure has recently undergone a shift. From the early trading session, friends who previously positioned for a bullish trend should have already exited profitably, as the current rebound lacks significant strength. Market sentiment is also beginning to diverge, with technical indicators shifting from a bullish bias to a more cautious outlook.

The price has been unable to break through this range effectively for a prolonged period, with repeated attempts to push higher followed by pullbacks, indicating that resistance above still exists. Since the rebound is weak, following the market rhythm and adopting a bearish approach becomes a reasonable trading logic. However, this shift is not blind; the detailed strategic analysis from last night already provided a complete reasoning process.

Technically, the 2970 level has become a critical support line in this phase. If the price cannot hold steady here, it is highly likely to continue downward in the subsequent trend. In other words, this is an important confirmation point.

For investors who still believe in the continuation of the bull market, it may be necessary to reassess the current market environment. Periodic rebounds are often mistaken for trend reversals, but there is a fundamental difference between the two. Rebounds are merely technical corrections within a trend, not signals of a trend reversal.

Currently, several tokens worth close attention are ZBT, ZRX, and ONT, as they have shown distinct characteristics in recent market movements and can serve as references for the overall market direction.