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.
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