Despite Ethereum’s efforts to regain footing following recent selling pressure, the current recovery appears insufficient to affirm a lasting reversal. The market momentum seems corrective rather than aggressive, and with critical resistance levels still holding strong, the risk of further declines looms unless buyers can initiate a significant structural shift. A recent update from More Crypto Online suggests that a downside scenario remains plausible unless the price can demonstrate a clear five-wave upward impulse or exceed the recent weekend high. The present bounce from last week’s low lacks impulsive momentum, and there are no compelling technical indicators to suggest a sustainable bottom has been reached. As Ethereum navigates this crucial phase post-Sunday selloff, it is essential to remain vigilant for potential reversal signals that could redefine the short-term perspective. Recent analysis by Lennaert Snyder indicates that while Ethereum has shown tentative signs of stabilization, the weak extremes recorded during the weekend around $1,929 and $2,107 will serve as key liquidity reference points moving forward. Snyder suggests that a clearer upward movement is desirable before considering long positions, preferring to see nearby liquidity levels cleared first. The ongoing downward trend implies valid short opportunities if the right conditions arise. He highlights that long positions could be in play if the price sweeps the $1,946 and/or $1,929 lows but cautions that any immediate rise without addressing these levels may lead to short setups near the $2,107 mark. As it stands, trading activity is paused due to the bank holiday, with the established plan remaining applicable unless market conditions counter it.