
The current ETH CME Ether Futures daily chart shows a market in transition. Short-term and intermediate-term trends have shifted bearish, as indicated by the downward pivot trends, price action below the monthly session fib grid, and both 5-day and 10-day moving averages trending down. The most recent swing pivot is a low at 4043.4, with the next potential reversal at the 4288.8 pivot high, suggesting a possible area for a short-term bounce or resistance test. Resistance levels are stacked above at 4288.8, 4745.6, and the major high at 4939.0, while support is found at 4043.4 and further down at 3549.6. Despite the short-term weakness, the long-term structure remains bullish, with the 55, 100, and 200-day moving averages all trending up and price still well above the yearly session fib grid. Volatility remains moderate (ATR 431), and volume is steady (VOLMA 8731), indicating no extreme market stress. The recent short signal aligns with the intermediate-term downtrend, reflecting a corrective phase within a larger bullish cycle. The market is currently digesting a prior rally, with price consolidating below key moving averages and testing support. Swing traders should note the potential for further downside in the short to intermediate term, but the broader uptrend remains intact unless major support levels are broken.