$ETH Ethereum is currently trading near a critical demand zone on the weekly timeframe. A closer look at the chart reveals the following:

📉 Current Market Structure

After a strong bullish rally in 2024–2025, ETH faced a clear rejection from the major resistance zone around 4800–5000

This was followed by a visible distribution phase and corrective move

Price is now hovering around 2000–2100, which has historically acted as a strong support level

🟩 Strong Demand Zone

The 1200–1500 region is a significant long-term demand zone

In previous cycles, ETH initiated major bullish moves from this area

If further downside occurs, this zone could offer a high-probability accumulation opportunity

Key Resistance Levels

3000–3200 → First major resistance

4000–4200 → Strong supply zone

4800–5000 → Major resistance near all-time high

📊 Volume Insight

Previous bullish expansions were supported by strong volume participation

The current decline is occurring on relatively lower volume, suggesting a healthy correction rather than panic selling

Trend Perspective

Market structure has shifted from higher highs to lower highs

A confirmed bullish continuation would require a weekly close above 3000+

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