Ethereum’s Bounce Still Lacks Conviction — Downside Risk Remains

Ethereum is attempting to rebound after recent selling pressure, but the recovery so far lacks the strength needed to confirm a lasting bottom. With momentum appearing corrective rather than impulsive and key resistance levels still intact, downside risk remains on the table unless buyers can deliver a decisive structural shift. No Impulsive Break, No Bullish Confirmation According to a recent Ethereum update by More Crypto Online, the downside scenario remains valid unless price delivers a clear impulsive five-wave advance or decisively breaks above the weekend high. The bounce from last week’s low currently appears corrective rather than impulsive.  Related Reading: Ethereum Price Recovery Runs Into A Wall, Decline Risk Returns Momentum has been limited, and the st...