
The current weekly chart for ETH CME Ether Futures shows a market in transition. Price action is volatile with large bars and fast momentum, reflecting heightened activity and possible reactions to recent news or macro events. Short-term and intermediate-term Fib grid trends are both down, with price trading below their respective NTZ/F0% levels, indicating recent weakness and a corrective phase. However, the long-term yearly Fib grid remains firmly up, with price well above the yearly NTZ/F0%, suggesting the broader uptrend is intact. Swing pivots highlight a recent pivot high at 4939.0 and a next potential pivot low at 3345.5, with resistance levels stacked above and strong support at 3345.5 and 2822.5. The short-term swing pivot trend is down, but the intermediate-term HiLo trend is up, pointing to a possible pullback within a larger uptrend. All benchmark moving averages from 5 to 200 weeks are in uptrends, reinforcing the underlying bullish structure despite the current retracement. Recent trade signals are mixed, with both short and long entries triggered in the past week, reflecting the choppy and indecisive nature of the current market. Overall, the short-term outlook is bearish due to the recent sell-off and downward swing pivot, while the intermediate-term is neutral as the market consolidates above key support. The long-term remains bullish, supported by strong moving averages and the yearly Fib grid trend. This environment is characterized by volatility, potential for sharp reversals, and a market that is digesting gains after a strong rally, with traders watching for either a deeper correction or a resumption of the uptrend.