Based on the provided TradingView chart image analysis (ETH/USDT weekly chart), here is an analysis suitable for sharing in English for potential buyers:
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Technical Analysis: Ethereum (ETH/USDT) – Weekly Chart
Current Status:
· Price: $3,241.33 (📈 +2.64% / +83.42)
· Weekly Range: $3,065.55 – $3,402.89
· Recent High: $3,373.43 (44 days ago)
Key Indicators:
1. RSI Divergence Indicator (14 close): 47.09
· Signal: BEARISH divergence detected.
· Suggests potential weakening of upward momentum.
2. Multi-Timeframe MACD (CM_Ult_MacD_MTF):
· MACD: -94.48
· Signal Line: -23.82
· Histogram: -70.66
· Interpretation: MACD is deep in negative territory, indicating strong bearish momentum on higher timeframes.
Chart Context:
· The chart shows a significant rally from mid-2024 (~$1,500) to a peak near $4,977.6 in early 2026.
· Since then, price has corrected and is currently consolidating around the $3,200–$3,400 zone.
· Key support to watch: $3,065 (weekly low).
· Key resistance: $3,403 (weekly high).
Conclusion & Outlook:
While Ethereum shows short-term bullish momentum (green weekly candle), higher timeframe indicators are bearish:
· RSI divergence suggests loss of bullish strength.
· MACD remains negative on weekly and multi-timeframe analysis.
For Buyers:
· Entry Consideration: Wait for a break above $3,403 with volume for confirmation of renewed bullish momentum.
· Risk Management: A break below **$3,065** could signal further decline toward next support near $2,800.
· Strategy: Given the bearish divergence, consider waiting for confirmation before entering long positions. Alternatively, look for smaller timeframe entries if bullish structure holds.
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This analysis is based on a weekly chart and is for informational purposes only. Always conduct your own research and consider risk management before trading.$ETH
