Recently, all questions coming from the backend are revolving around the same topic: "Is it time to bottom fish Ethereum?" "Is it too early to enter now?" I understand everyone's urgency, but seeing these questions frequently appear, I still have to pour some cold water.

Ethereum has shown a rebound in the key demand zone, and its price structure is improving—these are observable facts. The problem is— a rebound does not equal a confirmed bottom. There’s a world of difference between the two.

For example, if a person falls down and struggles to support their upper body so they no longer sink further, that’s called "stabilized." But from stabilization to actually standing up and running, there’s a long recovery process. Currently, Ethereum is stuck in this "stabilizing" stage. And because it’s at this critical point, it’s most likely to fall into two traps.

**Trap 1: The illusion of a bottom**

Support in the demand zone looks very solid, but essentially it’s "someone temporarily taking over," not a "permanent bottom." Once the overall market sentiment weakens or a negative news suddenly hits, this demand zone could be broken through. Plus, Ethereum has not yet broken through the key resistance at 3300. Before a true breakout, any rebound is essentially just a technical correction within a downtrend. Recklessly chasing in might end up with you being caught halfway up the mountain.

**Trap 2: Relaxing vigilance**

Structural improvement naturally makes people feel at ease, thinking "the risk should be low now." But this is precisely the most dangerous moment. Whether bottom fishing or chasing the rally, risk management is always the top priority—this ironclad rule never changes in any market phase.