ETH 2026.01.20 The rebound of ETH starting from 2623 has been running for nearly 60 days. Since last week, I’ve repeatedly emphasized that the upward trend is nearing its end, and its current movement has validated this view. Next, ETH has two possible scenarios: red and blue. Red: A short-term rebound followed by continued decline. This pattern essentially confirms that 3447 will be the highest point for at least the next 45 days. The subsequent movement of ETH will be a decline on the same scale as the one from 10.7 to 11.21. Blue: ETH does not effectively break below the illustrated support level and then surges violently, reaching new highs before starting a major downward trend. The strength of the rebound after hitting bottom will help confirm whether the new decline has begun. Regardless of whether it’s a rebound high or a new high, once the movement unfolds, look for opportunities to short. If this short position is successfully executed, the returns could be significant. The daily-level rebound of ETH that started on 11.21 is expected to end as early as Gann time 12.25. So, in the next few days, pay close attention—we might be at a major turning point in the market.