$ETH is testing a major weekly decision zone.
Price recently broke below the mid-range trendline and was strongly rejected from the $4,800–$5,000 area, forming a lower high. Now Ethereum is pulling back toward the key $1,500–$1,700 support range.
If this support holds, a strong rebound could follow. But if we see a weekly close below this zone, momentum may turn bearish with further downside risk.
This level will likely determine Ethereum’s next major move.
ETH
1,944.02
-2.38%