Ethereum at a Crossroads: Trendline Tests Meet Corrective Bounce.

Ethereum's weekly chart shows two competing views: a rebound from long-term support or a corrective bounce. The chart maps past 200% rebounds from a rising trendline, framing the current pullback as a test of long-term support. However, the volume profile and market structure suggest a corrective bounce, with Ethereum lagging Bitcoin and the ETHBTC pair trending lower. A clean five-wave structure and a shift in relative strength would confirm a real change in Ethereum's trend.