Ethereum Weekly Closing Interpretation: Bears Dominate, Key Levels Are Decisive
This morning, Ethereum's weekly closing has been completed, with 2700 confirming as a recent high. The bearish pattern on the daily chart is evident, and the price has entered a correction channel, with both bulls and bears engaging in fierce battles around key price levels.
Key Level Analysis
✅ Resistance Levels: 2580, 2620, 2750 form a triple resistance zone, restricting upward movement;
✅ Support Levels: 2380, 2300, 2259 are important defensive lines, and if support is broken, it may trigger a deep decline.
Market Outlook
The current market shows that breaking through the previous high of 2738 faces significant resistance. Even if the bulls successfully break through, a short-term top is likely to form around 2850. It is recommended to closely monitor the gains and losses of support levels and manage position risks.
