Ethereum’s Dance with the Devil: Will It Sell Its Soul?

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Ah, Ethereum, that capricious mistress of the crypto realm, is once again attempting to rise from the ashes of its own folly. Yet, like a poorly rehearsed ballet, its rebound lacks the grace, the conviction, of a true revival. The market, ever the skeptic, watches with a smirk, for the recovery thus far is but a feeble gesture, a whisper in a storm. The momentum, alas, is corrective-a mere shadow play compared to the impulsive vigor required to declare a bottom. And so, the specter of downside risk lingers, a silent observer waiting for the drama to unfold.

No Impulsive Break, No Bullish Confirmation

The soothsayers at More Crypto Online, with their charts and their waves, proclaim that the downside scenario remains as valid as a cat’s promise to ignore a yarn ball. Unless, of course, the price delivers a five-wave advance, clear and impulsive, or breaks above the weekend high with the decisiveness of a general storming a fortress. The current bounce? Corrective, they say, like a bad actor pretending to care. Momentum is limited, structure is ambiguous, and the bottom, if it exists, is as elusive as a coherent plot in one of my novels.

Yet, Ethereum trades within a zone of technical significance, a crossroads where markets, flushed with recent liquidations, have become as reactive as a cat in a room full of cucumbers. Stay alert, they warn, for reversal signals may yet appear, shifting the short-term outlook like a sudden twist in a Moscow apartment. But for now, confirmation is as absent as a honest man in a bureaucracy. Until a stronger structural shift occurs, one must monitor the micro structure with the diligence of a spy in enemy territory.

Ethereum’s Sunday Farce: A Recovery or a Mere Intermission?

After the Sunday selloff, a spectacle as sharp as a master’s rebuke, Ethereum attempts to stabilize, showing signs of recovery as faint as a candle in a hurricane. Lennaert Snyder, that astute observer of market whims, notes that ETH, like its cousin Bitcoin, printed weekend extremes as weak as a bureaucrat’s resolve: $1,929 on the low and $2,107 on the high. These levels now serve as liquidity reference points, markers in a game where the rules are written in sand.

Snyder’s plan, broad and cautious, anticipates a push toward higher prices, but he, like a wise man, prefers to see nearby liquidity pools mitigated before committing to long positions. The higher-timeframe trend still points downward, a reminder that short setups remain as valid as a doctor’s prescription in the Master’s clinic. For long entries, he seeks a sweep of the $1,946 and/or $1,929 lows, weak pivots that could provide the liquidity grab needed for a reversal. But should the price rally directly, leaving those lows untouched, he would instead seek short opportunities, a market structure break near $2,107 his cue.

H1 liquidity, sitting around $2,015, offers scalp setups as fleeting as a cat’s interest in a toy. Longs on a clean reclaim, shorts on failure after a sweep-a dance as intricate as a Moscow ball. And yet, with the bank holiday upon us, no trades are placed, the plan intact unless the price action, ever fickle, invalidates it. Ah, the market, a stage where even the best-laid plans are but whispers in the wind.

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2026-02-18 03:09