Weekly Technical Analysis On Ethereum

Ethereum floated higher in the latest week. This was after it had flushed in the week prior, tagging $2,800  major support. The hype over the Ethereum ETF is long gone as all the upside from the SEC approval has been negated.

The float higher has stayed below a key pivot zone between $3,300 and $3,350. This is resistance while price is below. If price should get above, it becomes support. As long as price stays below, further downside is likely.

The levels to watch are $2,800 as support. If that breaks, there is downside to $2,625.

Resistance is $3,300-$3,350, followed by $3,750.

Verified Investing is purely data and chart driven analysis. No narratives, no hype, we translate what the chart is saying probability wise. As of now, there is a negative bias as long as price remains below $3,300-$3,350.