Feeling uneasy about the ETH strength

It's good to see $WETH up at 1.21 today, bouncing nicely from the earlier 1.12 low. But frankly, I'm still feeling a bit uneasy about this recent strength. While the daily candles look decent, the macro picture still feels pretty bearish, and this could just be another relief rally before a broader retracement. I know many are calling for a sustained push, but I'm just not seeing enough conviction on the larger timeframes yet to confirm a real trend reversal.

Am I missing something here? What's making you all so bullish, or are others sharing my reservations?