Ethereum’s weekly price chart reveals a structured trading range, with the cryptocurrency oscillating between a well-defined range low and range high. This cyclical pattern has repeated over time, suggesting that ETH could be poised for another upward move. However, confirmation will be essential before traders commit to any directional bias.
The chart demonstrates a consistent range-bound structure, where ETH finds strong buying support at the range low and faces resistance at the range high. Recently, the price has retested the lower boundary, signaling a potential bullish reversal. If past trends persist, Ethereum could face key resistance levels at $2,484, $2,910, $3,254, and $3,743 which we could mark as upside targets with the $4,200 level marking a critical breakout point.
If Ethereum surpasses $4,200, it could trigger a strong bullish trend. However, a failure to break this level may result in a return to the lower range, continuing the established cycle. A weekly close above $2,200 would reinforce a bullish outlook, while a break below support could lead to further downside pressure.
While the market hints at an upward move, caution is advised. Investors should watch for volume confirmations and price action signals at resistance zones. External factors such as macroeconomic conditions and fundamental developments could also influence Ethereum’s trajectory. Proper risk management remains key to navigating potential price fluctuations.
The chart demonstrates a consistent range-bound structure, where ETH finds strong buying support at the range low and faces resistance at the range high. Recently, the price has retested the lower boundary, signaling a potential bullish reversal. If past trends persist, Ethereum could face key resistance levels at $2,484, $2,910, $3,254, and $3,743 which we could mark as upside targets with the $4,200 level marking a critical breakout point.
If Ethereum surpasses $4,200, it could trigger a strong bullish trend. However, a failure to break this level may result in a return to the lower range, continuing the established cycle. A weekly close above $2,200 would reinforce a bullish outlook, while a break below support could lead to further downside pressure.
While the market hints at an upward move, caution is advised. Investors should watch for volume confirmations and price action signals at resistance zones. External factors such as macroeconomic conditions and fundamental developments could also influence Ethereum’s trajectory. Proper risk management remains key to navigating potential price fluctuations.
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Ethereum Trade Update 🚫No trade executed — setup did not confirm.
✅ No confirmation = no action.
Patience and discipline win long-term.
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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.