What I See as a Trader...
I've been watching this chart closely and $ETH is telling a very interesting story. After facing massive resistance around the $4,000 zone multiple times, it’s finally holding above a long-term ascending trendline that started back in early 2022.
This trendline has acted like a lifeline for bulls. Every time ETH dipped, it bounced off this zone like clockwork.
And now❓ ETH has successfully reclaimed this trendline, turning it from resistance back into support. That’s not a small thing. That’s structure, strength, and smart money stepping in.
Key Observations:
✅ Higher Lows Since 2022
Despite market crashes and FUD waves, ETH has consistently formed higher lows – a classic bullish sign in any cycle.
📌 $4,000 = Big Wall
This is the key resistance zone. ETH tapped it 3 times but failed to break out. If it tries again with strong volume… it’s going to blast off.
💎 Trendline Reclaim = Confidence Back
This recent bounce above the trendline gives the setup a lot more confidence. It's like ETH is saying, "I'm not done yet."
🔮 What’s Next?
If $ETH holds above the trendline for a few more weeks, and we get a weekly candle close above $2,700–$2,800, it could signal the start of a move toward $3,500–$4,000 again.
But patience is key, This is a weekly chart – it's not for scalpers. It’s for people who want to catch big moves with clear confirmation.
🧘 My Mindset as a Trader
Sometimes the best trades come from the boring sideways zones. This setup is not about hype it’s about structure and timing.
💎 Discipline over noise.
💎 Structure over emotion.
💎 Trendlines don’t lie.
Final Thoughts
ETH is showing us strength after a healthy correction. This kind of setup doesn't scream it whispers opportunity to those who listen.
Watch it. Don’t chase. Let the chart tell you when it’s time.
