📉 ETH/USDT Weekly Breakdown – Major Support Lost
Ethereum broke down from a 1,885-day ascending trendline support, confirming a significant structural shift. The weekly closed at $1,707 (-4.2%), but within just four hours of the close, ETH dropped another 14.8%, hitting $1,543 – a clear sign of weakness and market uncertainty.
🟢 Support Levels to Watch:
$1,348 – strong historical demand zone
$1,042 – next key weekly support
$885 – June 2022 low (less likely, but not off the table)
📅 Historically, April tends to be bullish for crypto, but so far, the charts show no bullish momentum.
🚫 Not my opinion – just what the charts are saying.
Let me know what you think in the comments and please hit that like button if you like it.
Thank you
#PEACE
Ethereum broke down from a 1,885-day ascending trendline support, confirming a significant structural shift. The weekly closed at $1,707 (-4.2%), but within just four hours of the close, ETH dropped another 14.8%, hitting $1,543 – a clear sign of weakness and market uncertainty.
🟢 Support Levels to Watch:
$1,348 – strong historical demand zone
$1,042 – next key weekly support
$885 – June 2022 low (less likely, but not off the table)
📅 Historically, April tends to be bullish for crypto, but so far, the charts show no bullish momentum.
🚫 Not my opinion – just what the charts are saying.
Let me know what you think in the comments and please hit that like button if you like it.
Thank you
#PEACE
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Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.
Daily Signals:- telegram.me/thecryptorphic
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Best Exchange BITUNIX: bit.ly/JoinCryptorphic
BLOFIN - bit.ly/Cryptorphic
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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.