Description:
This weekly Ethereum (ETH/USD) chart highlights a major support zone around $1,400–$1,700, where price is currently trading after a significant decline from higher levels. The chart shows a previous trendline breakdown and multiple failed attempts to reclaim key resistance levels near $3,367 and $4,940. Current price action suggests Ethereum is approaching a pivotal area that could determine its next major move. A successful defense of support may trigger a recovery toward higher resistance levels, while a breakdown below the zone could expose further downside risk.
Not financial advice
This weekly Ethereum (ETH/USD) chart highlights a major support zone around $1,400–$1,700, where price is currently trading after a significant decline from higher levels. The chart shows a previous trendline breakdown and multiple failed attempts to reclaim key resistance levels near $3,367 and $4,940. Current price action suggests Ethereum is approaching a pivotal area that could determine its next major move. A successful defense of support may trigger a recovery toward higher resistance levels, while a breakdown below the zone could expose further downside risk.
Not financial advice
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
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.
Professional Trader | Price Action & Risk Management. Sharing clear trade ideas. Consistency over hype.
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.