Why Does Ethereum Need a Weekly Close Above $3,100?

Why Does Ethereum Need a Weekly Close Above $3,100?

Ethereum is currently trading around $3,035, while the SMA365 sits near $3,100. A weekly close above this level would give ETH investors some breathing room. If ETH can secure a close above the SMA365, we could expect a relief rally toward $3,689, especially considering the uninterrupted decline since the $4,755 top.

On the other hand, the $2,500 zone remains a critical support.

Looking at ETH’s recent price action, this level aligns with a high-volume node on the FRVP, making it a key area of interest. Staying above it supports the bullish scenario — but the fact that ETH hasn’t been able to shift this “high-volume settlement zone” upward for months means it also acts like a magnet.

The white zone on the chart is a strong candidate for the next YTS (New High-Volume Settlement). For ETH to rebuild positive momentum, it needs to trade and settle between $3,350 – $3,450 for a while. In other words, Ethereum must push this liquidity cluster upward by roughly $850–900 (around 38%) — a classic characteristic of bull markets.

In conclusion: purely from a technical perspective, the weekly close at $3,100 is critical.
Above it, the path opens toward $3,600 — below it, there is room to revisit $2,500.

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