The current weekly chart for ETH CME Ether Futures shows a strong short-term bearish momentum, with large bars and fast price movement to the downside. Both the Weekly and Monthly Session Fib Grids (WSFG and MSFG) indicate price is below their respective NTZ/F0% levels, confirming a downward trend in the short and intermediate timeframes. However, the Yearly Session Fib Grid (YSFG) remains positive, with price above the yearly NTZ/F0% and an upward trend, suggesting the long-term structure is still bullish. Swing pivots highlight a developing downtrend in the short-term, but the intermediate-term HiLo trend is still up, indicating a possible retracement within a larger uptrend. Key resistance levels are clustered above at 3990, 4555.5, and 4959, while support is found at 3300, 2924, 2302, and 1542.5. The 5 and 10 week moving averages are trending down, reinforcing short-term weakness, but all long-term benchmarks (20, 55, 100, 200 week) are trending up, supporting the bullish long-term outlook. Recent trade signals have shifted to short positions, reflecting the current short-term and intermediate-term weakness. Overall, the market is experiencing a corrective phase within a broader uptrend, with volatility and large price swings. The structure suggests a pullback or retracement is underway, but the long-term trend remains intact unless key support levels are broken. This environment is characterized by choppy, high-volatility price action, with potential for both sharp reversals and trend continuations depending on how price interacts with major support and resistance zones.