$ETH Weekly Analysis: The Next Big Move Is Coming
Ethereum is holding its ground, closing above the weekly 50MA for the 6th time even as BTC Dominance climbs above 60% and global markets remain uncertain.
But ETH is still trapped between $2,300 and $2,800, and both bulls and bears are waiting for a decisive breakout.
The warning sign? Weekly Stoch RSI is showing bearish momentum, meaning another shakeout could be on the table.
Key levels to watch:
- $2,300 support: If it breaks, $1,900 could be the next downside target.
- $2,550 resistance: The first hurdle for bulls.
- $2,800 resistance: A breakout above this level could shift momentum in ETH’s favor.
The bottom line: ETH is at a critical point. Holding support keeps the recovery alive, but losing $2,300 could open the door to another leg down.
The next weekly move could set the tone for Ethereum’s trend.
#BinancePick #EarningsSeason
Ethereum is holding its ground, closing above the weekly 50MA for the 6th time even as BTC Dominance climbs above 60% and global markets remain uncertain.
But ETH is still trapped between $2,300 and $2,800, and both bulls and bears are waiting for a decisive breakout.
The warning sign? Weekly Stoch RSI is showing bearish momentum, meaning another shakeout could be on the table.
Key levels to watch:
- $2,300 support: If it breaks, $1,900 could be the next downside target.
- $2,550 resistance: The first hurdle for bulls.
- $2,800 resistance: A breakout above this level could shift momentum in ETH’s favor.
The bottom line: ETH is at a critical point. Holding support keeps the recovery alive, but losing $2,300 could open the door to another leg down.
The next weekly move could set the tone for Ethereum’s trend.
#BinancePick #EarningsSeason
