ETH's recent rebound momentum looks pretty good, but from a structural perspective, this is still just a bounce within the range and far from a trend reversal.

Currently around 3015, the 4-hour chart just hits the MA120 moving average, which is a good testing opportunity. The real bottleneck is between 3050 and 3070, where the key resistance lies.

On the hourly level, the upward acceleration has been continuous, and such a trend often leads to a quick spike followed by a pullback. Once a pullback forms, it will likely switch to a sideways decline mode, so the trading strategy is quite clear—shorting on rebounds offers a better risk-reward ratio.

Only one variable can change this rhythm: a confirmed break and stabilization above the 3050—3070 zone. Achieving this condition would confirm a true structural reversal; otherwise, it's just a rebound.

Before that, the strategy is: don't chase longs, be patient with rebounds, wait for it to move into a comfortable short position, so you can operate with the trend. Some smaller tokens like LIGHT, BEAT, and others are also in similar rhythms, and the approach applies.