$ETH – Weekly Technical Analysis

Ethereum has reached a decisive technical zone where the next few weekly closes are likely to determine the short-term direction. After the recent correction, price is attempting to stabilize near the monthly support region, but buyers still need to prove their strength.
The ₹2,500 (approx. $2,500) level remains the key trigger. A weekly close above $2,500 would be the first confirmation that bullish momentum is returning. If that happens, ETH could begin an impulsive recovery toward the first supply zone between $3,220–$3,636, where profit booking is expected. A successful breakout above this supply area would then open the path toward the major resistance zone of $4,028–$4,387.
However, if Ethereum fails to reclaim $2,500 and loses the current support area, the probability of a deeper corrective move increases. In that scenario, price may revisit the $1,039–$603 accumulation zone, which also aligns with the projected B-wave/C-wave extension highlighted on the chart.
At this stage, the market is at a decision point. Rather than chasing price, We should wait for confirmation. A sustained close above $2,500 shifts the short-term bias in favor of the bulls, while continued rejection below this level keeps the corrective structure intact.
Key Levels to Watch
🟢 Bullish Confirmation: Weekly Close Above $2,500
🎯 Supply Zone 1: $3,220 – $3,636
🚧 Major Resistance: $4,028 – $4,387
🔴 Critical Support: $1,399
⚠️ Extended Downside Zone: $1,039 – $603
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making investment decisions.