The wrong question
The usual debate asks whether ETH is better traded with trend-following or mean-reversion rules. The better question is which market backdrop is active.
When trend tends to dominate
Trend works better when:
- price is holding above key moving averages,
- volatility is elevated but not chaotic, and
- participation improves on rallies.
When mean reversion tends to dominate
Mean reversion becomes more relevant when:
- the market is trapped in a range,
- breakout attempts repeatedly fail, and
- volatility spikes fade instead of building.
Bottom line
Ethereum can behave like both types of market. The active backdrop determines which interpretation is more useful.