$eth


ETH/USD Technical Analysis
The weekly ETH/USD chart suggests Ethereum remains in a corrective phase following its rejection from the 2025 peak near $4,800. Price is currently trading around $1,623 and approaching a significant monthly support zone between $1,395 and $1,755. This area may act as a demand region capable of slowing the ongoing decline.
From an Wave perspective, the chart outlines a potential ABC correction, with wave (b) still developing before the anticipated wave (c) advance. A successful defense of the current support zone could trigger a recovery toward the major resistance region between $2,314 and $2,509. This zone aligns with previous structural support turned resistance and may represent the first major upside target.
Conversely, a breakdown below monthly support would increase bearish pressure and open the possibility of an extended decline toward the $1,039–$603 accumulation zone. we should monitor price reaction at support for confirmation of the next directional move.
ETH-2.9%
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