Selling a lot at $ETH , the shorts are still enjoying the bounce as if self-fulfilled—yet the trend perspective has already welded the direction shut. On the hourly, four-hour, and daily charts, all three periods are uniformly pointing upward. The momentum alignment isn’t loosening, and it has climbed up from the seven-day low by nearly 30%. It’s only a hair’s breadth away from the day’s high—just needs to punch through the thin layer of window paper. On-chain leverage fuel has recovered nearly half within half a day. The borrowed-long crowd has come back again, and this leg of the bulls doesn’t lack for kindling.