EETH/USDT Weekly Chart Analysis
Ethereum is holding a major long-term uptrend as the price bounces off the ascending trendline support. This level also aligns with a strong historical resistance-turned-support zone, adding more confluence to the current bounce.
As long as ETH stays above this structure, it suggests a potential macro bullish continuation, with eyes on the upper resistance line near $3,200–$3,500.
A strong defense at this zone reinforces long-term bullish sentiment.
Ethereum is holding a major long-term uptrend as the price bounces off the ascending trendline support. This level also aligns with a strong historical resistance-turned-support zone, adding more confluence to the current bounce.
As long as ETH stays above this structure, it suggests a potential macro bullish continuation, with eyes on the upper resistance line near $3,200–$3,500.
A strong defense at this zone reinforces long-term bullish sentiment.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.