
The current weekly chart for ETH CME Ether Futures shows a strong short- and intermediate-term bullish bias, with price action characterized by large bars and fast momentum, indicating heightened volatility and active participation. Both the weekly and monthly session fib grids (WSFG, MSFG) are trending up, with price holding above their respective NTZ/F0% levels, confirming upward momentum in the near term. The swing pivot summary highlights a short-term downtrend (DTrend) but an intermediate-term uptrend (UTrend), suggesting a possible pullback within a broader bullish structure. Key resistance levels are set at 4969.5, 3765.0, and 3330.0, while support is found at 2310.8 and 1553.0, framing the current trading range. Moving averages show short- and intermediate-term uptrends, but longer-term benchmarks (55, 100, 200 week) remain in downtrends, reflecting a lagging recovery from previous declines. Recent trade signals have shifted bullish, with long entries triggered at 3022, reinforcing the positive short- and intermediate-term outlook. However, the yearly session fib grid (YSFG) remains in a downtrend, and price is still below the yearly NTZ/F0%, tempering the long-term outlook to neutral. Overall, the chart suggests a market in recovery mode, with potential for further upside if resistance levels are breached, but with caution warranted due to lingering long-term bearish structure and the possibility of deeper pullbacks.