$ETH Evening May 24 20:30 Market

Structure Summary:

ETH is currently in a weak rebound structure, with key resistance at 2580. If it cannot break through, it will form a 'lower high' and create a trap for bulls.

Data Summary:

On-chain data shows that after the liquidation of short positions, bullish sentiment has increased, but momentum has not followed suit. Currently, it resembles a consolidation period after a bull trap.

✅ Scenario A (Medium Probability):

Short-term continued oscillation upward, testing 2580–2590, then being blocked and falling back, forming a larger oscillation box.

Suitable for short-term trading: Look for HL below 2550, if it fails to break the pullback, a light position can be taken for a long, targeting 2575, with a stop loss below 2525.

⚠️ Scenario B (Slightly Higher Probability):

Currently a bull trap rebound, structure has not gained momentum, with upper pressure suppressing and leading to another decline, retesting the 2500–2480 area (high probability of hitting stop-loss area).