ETH – Base Building After the PullbackHello everyone,
ETH has stabilized after a sharp correction from the 4,500–4,800 zone. In recent weeks, price has been moving slowly within the 3,000–3,200 range, forming a relatively solid accumulation base. On the weekly timeframe, the bearish structure has weakened significantly, and the market appears to be preparing for a potential trend shift as multiple supportive signals begin to emerge.
The most important highlight is that ETH has reclaimed the weekly EMA89 around the 3,050 level and has managed to hold above it . Staying above the EMA89 suggests that long-term selling pressure has eased and that dip-buying flows are returning. On the upside, the weekly EMA34 at 3,380–3,400 remains a key resistance zone — a level bulls must break to clearly confirm a new bullish leg.
The current price structure also supports a recovery scenario. The 2,800–2,900 zone has formed the first higher low after the prolonged decline, indicating strong absorption of selling pressure. Weekly candles continue to print long lower wicks with relatively small bodies, showing that sell-offs at lower levels are being aggressively absorbed. At the same time, volume has been gradually improving, reflecting accumulation by longer-term investors rather than speculative flows.
Given this context, ETH is likely to continue ranging between 3,000 and 3,400 to further build its base. A clear weekly close above 3,400 would serve as confirmation that the corrective structure has been broken, opening the door for a new upside phase. The next upside targets would be in the 3,750–3,900 area, and if capital inflows strengthen, an extended move toward 4,200–4,400 is possible — aligning with a major prior resistance cluster.
Wishing you all a successful trading day!
