Ethereum / TetherUS

Ethereum Weekly Chart Shows Strength Above Key Support

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Ethereum is showing strong structure on the higher time frame. After rejecting lower levels, price has reclaimed the mid support/resistance zone, and is now consolidating just above it.

What’s key here is the long-term rising trendline, which has held beautifully since 2020 and once again acted as a springboard for the recent bounce. This kind of confluence — trendline + zone flip — adds weight to the current price structure.

If ETH maintains this zone, we could see accumulation continue, followed by a breakout toward the upper resistance line. For now, the chart leans bullish, but patience is key as consolidation plays out.

DYOR, NFA

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