Ethereum (ETH/USDT) is currently trading around $3,450, facing a strong correction of nearly –11.5% after failing to hold above the $4,600 resistance zone. The weekly chart highlights several key Fair Value Gaps (FVGs) and major demand zones, which could play a crucial role in the coming months.
Key Observations:
Resistance Zone: The $4,500–$4,800 range remains a strong supply area, previously rejecting price twice (in 2021 and 2025).
Support Levels: Multiple FVGs are visible between $2,200 – $2,800, indicating potential short-term support.
Major Demand Zone: A significant long-term demand block lies around $1,300 – $1,500, which historically acted as a strong accumulation area.
Momentum: Weekly candles show declining volume during the recent rally, suggesting buyer exhaustion and possible retracement before continuation.
Outlook:
If Ethereum maintains support above $2,800, the broader bullish structure remains valid, potentially aiming again toward $4,600 in early 2026. However, a break below $2,500 could open the path toward deeper retracement near $1,500 — aligning with the lower FVGs and historical demand zone. 900$?
Key Observations:
Resistance Zone: The $4,500–$4,800 range remains a strong supply area, previously rejecting price twice (in 2021 and 2025).
Support Levels: Multiple FVGs are visible between $2,200 – $2,800, indicating potential short-term support.
Major Demand Zone: A significant long-term demand block lies around $1,300 – $1,500, which historically acted as a strong accumulation area.
Momentum: Weekly candles show declining volume during the recent rally, suggesting buyer exhaustion and possible retracement before continuation.
Outlook:
If Ethereum maintains support above $2,800, the broader bullish structure remains valid, potentially aiming again toward $4,600 in early 2026. However, a break below $2,500 could open the path toward deeper retracement near $1,500 — aligning with the lower FVGs and historical demand zone. 900$?
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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.