Ethereum Weekly Chart: Price Action or Prank? 🤡
Weekly $ETH looks less like a financial asset and more like a meme with candles.
For five straight weeks, ETH has been tap dancing between $2,450 and $2,650 like it’s afraid of commitment. Every time it pokes above resistance, it gets smacked back down like it owes the market money.
Chart Breakdown:
•Strong support around $2,500 — but ETH barely defends it.
•Weekly closes stuck just below key horizontal resistance at $2,550–$2,600
•Repeated long wicks = buyers push, but sellers dominate at every peak.
•That dotted descending trendline? ETH’s personal ceiling fan. Keeps knocking it out cold.
Prediction (hot take 🔥):
If we don’t break and close above $2,600 next week, prepare for ETH to test $2,350 or even $2,150 again — the blue demand zone isn’t just for decoration.
And if it does break out? Then congrats, ETH will do what it should’ve done a month ago.
Until then… this is just sideways suffering with a touch of hopium.
Ethereum isn’t trading — it’s trolling.
