$ETH — Weekly Structure & Key Levels
The trend remains bullish, but we're tapping minor resistance here. Let's break down what matters.
Current setup: Price is testing overhead resistance. Not a reversal signal yet — just friction at a known zone. This is where you want to see how it reacts. Does it consolidate and push through, or does it reject and pull back?
If we get a pullback, watch $2400 as your lower support. That's where structure should hold if the trend stays intact. A clean bounce there keeps the bullish case alive.
Resistance sits near $2800. That's your next ceiling. Break and hold above that, and you're looking at continuation.
If we do get a 50% retracement from the recent move, the next upside target lands at $3344 — that's the 618 fib level. Classic measured move if the structure cooperates.
Invalidation: Loss of $2400 changes the picture. Below that, you're no longer in a clean uptrend — you're in a deeper correction.
Setup is simple: trend is up, resistance is here, support is below. Watch the reaction at these levels — that's where the next move gets confirmed.
The trend remains bullish, but we're tapping minor resistance here. Let's break down what matters.
Current setup: Price is testing overhead resistance. Not a reversal signal yet — just friction at a known zone. This is where you want to see how it reacts. Does it consolidate and push through, or does it reject and pull back?
If we get a pullback, watch $2400 as your lower support. That's where structure should hold if the trend stays intact. A clean bounce there keeps the bullish case alive.
Resistance sits near $2800. That's your next ceiling. Break and hold above that, and you're looking at continuation.
If we do get a 50% retracement from the recent move, the next upside target lands at $3344 — that's the 618 fib level. Classic measured move if the structure cooperates.
Invalidation: Loss of $2400 changes the picture. Below that, you're no longer in a clean uptrend — you're in a deeper correction.
Setup is simple: trend is up, resistance is here, support is below. Watch the reaction at these levels — that's where the next move gets confirmed.
