ETH CME Ether Futures are showing a strong short-term and intermediate-term recovery, with price action characterized by large bars and fast momentum, indicating heightened volatility and active participation. The weekly and monthly session fib grids both show price above their respective NTZ/F0% levels, supporting an upward bias and confirming the recent bullish swing. However, the yearly session fib grid remains negative, with price below the annual NTZ/F0% and a persistent long-term downtrend, highlighting that the broader macro structure is still under pressure. Swing pivot analysis reveals the current trend is still down on both short- and intermediate-term pivots, but the recent evolution from a pivot low at 1715.0 and a next target pivot high at 5004.0 suggests a potential for further upside retracement or rally attempts. Resistance levels are stacked above at 3069.1, 3237.4, and the major swing high at 5004.0, while support is anchored at 1715.0 and 1587.5, providing clear reference points for price reactions. Benchmark moving averages show short- and intermediate-term MAs (5 and 10 week) have turned up, confirming the recent bullish momentum, but all long-term MAs (20, 55, 100, 200 week) remain in downtrends and above current price, reinforcing the overhead resistance and the need for sustained strength to shift the long-term outlook. Recent trade signals have all triggered long entries, aligning with the short- and intermediate-term bullish bias. The overall structure suggests a market in the midst of a strong counter-trend rally within a larger bearish framework, with potential for further upside as long as short-term momentum persists, but with significant resistance overhead and a need for confirmation before a full long-term trend reversal can be established.