Ethereum Weekly Analysis – Long-Term Perspective
Ethereum is currently experiencing significant bearish pressure and has dropped into a major support zone on the weekly chart. If this critical support breaks, the next key target would be around $2,055, where the price aligns with a long-term ascending trendline, acting as a possible reversal zone.
However, if ETH manages to defend this area and confirms bullish weekly candle closures, we may see a potential recovery toward:
$2,278 as the first resistance
Followed by $2,435 as the next upside target
📌 All support and resistance levels shown in the chart are key decision zones that traders can use for entries, exits, or managing positions.
🧠 Don’t forget to follow for consistent long-term insights and clean technical setups like this.
Ethereum is currently experiencing significant bearish pressure and has dropped into a major support zone on the weekly chart. If this critical support breaks, the next key target would be around $2,055, where the price aligns with a long-term ascending trendline, acting as a possible reversal zone.
However, if ETH manages to defend this area and confirms bullish weekly candle closures, we may see a potential recovery toward:
$2,278 as the first resistance
Followed by $2,435 as the next upside target
📌 All support and resistance levels shown in the chart are key decision zones that traders can use for entries, exits, or managing positions.
🧠 Don’t forget to follow for consistent long-term insights and clean technical setups like this.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.