A few days ago, Ethereum ($ETH) tried to break through the strong resistance at 1956 but faced rejection and pulled back. After testing the support level, it’s now seeing a recovery bounce. Many people are optimistic about a continued rally after seeing the rebound, but objectively speaking, this is just a corrective move following the drop. The buying momentum is weak, and there’s still no key confirmation for a reversal, so don’t blindly go long. Keep a close eye on the short-term resistance at 1890. If the rebound stalls at this level, the risk of a pullback increases. The market doesn’t move in a fixed direction. Be prepared for both scenarios and avoid chasing highs or panic selling. Wait for opportunities at key price levels. With market news constantly in play, the choppy conditions are likely to persist. Always manage your risk and adjust your strategy based on market dynamics. In short, the current trend is bearish. The overall direction is downward, and focusing on short positions is relatively safer!