ETH/USDT Weekly – Approaching Key Accumulation ZoneEthereum is currently approaching a major support zone between $1,440 and $880, a level that acted as strong demand during previous market cycles. Price is currently below the Ichimoku cloud (Span A: $2,433 | Span B: $2,746), and the overall structure remains bearish unless price starts to break above recent swing highs.
Both Trend Strength Index (TSI) indicators are firmly in oversold territory:
TSI(10): -0.89
TSI(20): -0.97
This reflects deeply negative momentum, but historically, these levels have preceded strong reversals, especially when price enters high-timeframe support zones, like the one ETH is approaching now.
The $1,440–$880 range can be seen as a potential accumulation zone, and unless ETH breaks below $880, the bullish continuation setup remains valid. If price stabilizes here and begins reclaiming structure, especially above the $1,750–$1,950 levels, we could anticipate a move toward the $3,875 high or beyond.
Trade Setup Summary:
Accumulation Zone: $1,440 – $880
Invalidation: Break and close below $880
Bullish Trigger: Reclaim of recent swing highs
Target: $3,875 (major resistance)
Bias: Bullish while holding above $880
TSI: Deep oversold – conditions favorable for mid-term reversal
Ethereum fundamentals remain solid despite recent weakness. The upcoming upgrades to the Ethereum network (such as scalability and rollups) continue to support long-term utility, while institutional interest grows through ETH-based products and DeFi developments. Macroeconomic uncertainty, along with renewed ETF talks, could fuel a stronger recovery in the second half of the year. However, technicals must align with improving sentiment for this reversal setup to activate.
Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
