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 potential for sharp moves. Short-term and intermediate-term Fib grid trends are both up, with price holding above their respective NTZ/F0% levels, suggesting recent bullishness. However, the yearly grid remains in a downtrend, with price below the long-term NTZ, reflecting persistent bearish pressure on a macro scale. Swing pivots highlight a short-term downtrend but an intermediate-term uptrend, with the most recent pivot low at 2312.5 and the next significant resistance at 4969.5. Support is well-defined at 2312.5 and 1553, while resistance is overhead, indicating a wide trading range. Most weekly moving averages (except the 200-week) are trending down, reinforcing the longer-term bearish bias, though the 200-week MA is still in an uptrend, hinting at possible structural support. Recent trade signals have triggered long entries, aligning with the short- and intermediate-term bullish momentum, but the overall environment remains mixed due to the conflicting long-term trend. The market appears to be in a corrective phase within a broader downtrend, with potential for further rallies if short-term momentum persists, but significant resistance and overhead supply remain. This environment is characterized by volatility, possible retracements, and the need for close monitoring of key support and resistance levels as the market seeks direction into year-end.