$ETH WEEKLY BREAKDOWN 📊 | PART 4.
Moving down from the monthly timeframe, the weekly chart gives us a much clearer look at how ETH is reacting around the key levels we identified earlier.
ETH has shown a strong recovery from the $1,950-$2,100 area and pushed back above the $2,400 region. Right now, price is sitting around $2,500-$2,520, where the market is starting to face some resistance.
The main levels I'm watching above are around $2,577-$2,620, followed by $2,817, $2,950-$2,970, and then the bigger $3,123-$3,148 and $3,285-$3,404 zones. These levels could become important reaction areas if the current recovery continues.
On the downside, the $2,465-$2,420 area is worth watching closely. Below that, we have support around $2,280-$2,100, while the broader weekly structure remains supported as long as ETH continues holding the higher levels it has reclaimed.
What I like here is that the higher-timeframe levels are already giving us a roadmap. The chart may look messy with all these levels marked, but that's exactly why we zoom into the lower timeframes when looking for entries. The lower timeframe should help us see the price action more clearly around these key zones instead of blindly entering from the higher timeframe.
Weekly structure: Recovering, but approaching resistance.
Next, we'll zoom into the lower timeframe and see whether ETH gives us a clean buy setup around these key levels.
#ETH #Macro Insights# #Altcoin Season#
Moving down from the monthly timeframe, the weekly chart gives us a much clearer look at how ETH is reacting around the key levels we identified earlier.
ETH has shown a strong recovery from the $1,950-$2,100 area and pushed back above the $2,400 region. Right now, price is sitting around $2,500-$2,520, where the market is starting to face some resistance.
The main levels I'm watching above are around $2,577-$2,620, followed by $2,817, $2,950-$2,970, and then the bigger $3,123-$3,148 and $3,285-$3,404 zones. These levels could become important reaction areas if the current recovery continues.
On the downside, the $2,465-$2,420 area is worth watching closely. Below that, we have support around $2,280-$2,100, while the broader weekly structure remains supported as long as ETH continues holding the higher levels it has reclaimed.
What I like here is that the higher-timeframe levels are already giving us a roadmap. The chart may look messy with all these levels marked, but that's exactly why we zoom into the lower timeframes when looking for entries. The lower timeframe should help us see the price action more clearly around these key zones instead of blindly entering from the higher timeframe.
Weekly structure: Recovering, but approaching resistance.
Next, we'll zoom into the lower timeframe and see whether ETH gives us a clean buy setup around these key levels.
#ETH #Macro Insights# #Altcoin Season#
