ETH is positioning itself for a meaningful bounce, and the momentum indicators are favoring a bullish setup here. What's particularly noteworthy is that Ethereum is demonstrating notable strength relative to Bitcoin at this juncture. You can really see this play out in the ETH/BTC pair dynamics—it's been tracking higher and building positive momentum.

On the weekly timeframe, the DSS Bressert indicator is coiling tightly, which typically signals potential expansion brewing beneath the surface. Meanwhile, we're approaching the weekly close above the 50-period simple moving average, a level that could serve as a solid support anchor if we see continuation. The confluence of these factors creates an interesting setup worth monitoring closely as the week closes out.