Ethereum Weekly Chart: Price Action or Prank? đ¤Ą
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 itâs afraid of commitment. Every time it pokes above resistance, it gets smacked back down like it owes the market money.
Chart Breakdown:
â˘Strong support around $2,500 â but ETH barely defends it.
â˘Weekly closes stuck just below key horizontal resistance at $2,550â$2,600
â˘Repeated long wicks = buyers push, but sellers dominate at every peak.
â˘That dotted descending trendline? ETHâs personal ceiling fan. Keeps knocking it out cold.
Prediction (hot take đĽ):
If we donât break and close above $2,600 next week, prepare for ETH to test $2,350 or even $2,150 again â the blue demand zone isnât just for decoration.
And if it does break out? Then congrats, ETH will do what it shouldâve done a month ago.
Until then⌠this is just sideways suffering with a touch of hopium.
Ethereum isnât trading â itâs trolling.