ETH Market Analysis 2026.01.23 In the previous tweet, we mentioned that ETH's decline wouldn't be so smooth. Shortly after, it rebounded upon reaching the illustrated box area, peaking around 3070. So, what's next for ETH? Since yesterday, ETH has been in a rebound phase targeting the drop from 3403 to 2866. This rebound is expected to end within two days around Gann time 1.26. If the rebound shows decent strength, the probability of ETH following the red route shown in the chart is high. However, if it drags on, moving three steps forward and two steps back, or just moves sideways, that would indicate weakness. In that case, ETH might follow the blue route, breaking the previous low of 2623. If it follows the blue route, we’ll look for the rebound’s endpoint to short. If it follows the red route, we’ll trade the range back and forth before it breaks out of the consolidation zone. The market evolves as it moves. Trading based on the rhythm of the market is always better than setting a target in your mind and stubbornly believing the market will go a certain way, blindly sticking to it.