ETHUSD Retests Broken Trend on Weekly Timeframe

Ethereum is retesting the broken trendline and is likely setting up for another leg higher. Unless there is persistent pricing below $4,000, this selloff is likely to become a buying opportunity for those who missed the earlier rally.

Our year-end (or end of the first quarter of 2026) target above $7,000 still stands. The main risk is a potential selloff in the US stock market, which could drag crypto lower if the correlation remains intact.