I noticed something interesting regarding Ethereum on the weekly charts. The price is moving within a very clear rising channel pattern, and the main support around $1,894 seems to be reaffirming itself. Every time the price drops to this area, it bounces strongly upward.

What’s intriguing is the alignment between several indicators. First, the harmonic patterns suggest an extended move toward $5,400 as an intermediate target. Second, the weekly Stochastic indicator shows a reset of momentum, not a true breakdown. This means that the selling pressure might be only temporary.

What catches my attention even more is the recurring time cycles. If you look at the past, every time there’s a momentum retracement, it’s followed by a strong rally. We are now in a similar phase. Some analysts are talking about a target of $5,900 based on this cyclical symmetry.

Honestly, the overall picture looks positive as long as the price respects the support. The upward channel has not broken yet, and the cyclical patterns indicate a continuation of the trend. Nothing rapid may happen, but the long-term trend seems clear.