Since entering at the 2960 level, ETH's performance has indeed been somewhat unconventional. That 1H entry signal looks especially unusual in hindsight. Since it’s already there, this rebound to 3600 shouldn’t be a big problem, and even reaching 4000 is possible—just don’t treat it as some major event.

Trend reversal? I don’t see it that way for now. But that doesn’t affect the idea of swing trading. As for the recent popular opinions in the market—like the optimistic outlook for the continuation of the 2026 trend—I have to say, I don’t quite agree. Those macro perspectives and our purely technical view are completely different.

Interestingly, both sides do share a consensus: ETH at 2700 is indeed a key support level, and a rebound is expected in the first quarter of the new year. What’s the difference? The macro side is bullish, aiming for a continuation of the bull market with targets around 10K to 12K. The technical side is more cautious—this is a second-wave rebound with limited upside.

Don’t be swayed by market voices; the key is how the candlestick patterns themselves perform. Each of us is part of the market and has our own opinions. When everyone is calling for a continued bull run, the real question to verify is: can ETH re-establish a bullish alignment on the daily chart? If it can’t, then all those predictions, no matter how beautiful, are pointless.