The current weekly chart for ETH CME Ether Futures shows a market in transition. Price action is volatile with large bars and fast momentum, indicating heightened activity and possible inflection. Short-term (WSFG) and intermediate-term (MSFG) trends are both up, with price trading above their respective NTZ/F0% levels, suggesting recent bullish momentum. However, the long-term (YSFG) trend remains down, with price below the yearly NTZ/F0%, reflecting a broader bearish structure. Swing pivots highlight a short-term downtrend (DTrend) but an intermediate-term uptrend (UTrend), with the most recent pivot low at 2922.8 and the next significant resistance at 3798.1. Key resistance levels are stacked above, while support is established at 2922.8, 2312.5, and 1553.0, showing a wide range for potential price swings. All benchmark moving averages (5, 10, 20, 55, 100, 200 week) are in downtrends, reinforcing the long-term bearish bias despite recent upward moves. Recent trade signals have triggered long entries, aligning with the short- and intermediate-term uptrends, but these are counter to the prevailing long-term trend. Overall, the market is experiencing a counter-trend rally within a larger bearish context. The environment is characterized by volatility, possible short-term recoveries, and the potential for further tests of resistance. Swing traders should note the divergence between short/intermediate-term strength and long-term weakness, as well as the importance of key pivot and moving average levels in shaping the next directional move.