The weekly ETH chart shows a small bearish candlestick with a long upper shadow and a short lower shadow, with trading volume increasing by 20% compared to the previous week. The trading volume has been slowly increasing for four consecutive weeks, but the price remains in this range, indicating that the chips are starting to change hands, which is a good sign.

The weekly MA30 line is still in a downward trend, and the MACD is showing a weakening downward momentum near the zero line.

Currently, the price is 20% away from the MA30 line; if the oscillation continues for a few weeks, the distance between the two will get closer, making the upward movement imminent.

The wide-ranging oscillation at the weekly level will continue for a few more weeks. The more sufficient the chip transfer, the smaller the resistance will be during the subsequent rise. While everyone is criticizing Ethereum, the main force is completing the accumulation of chips. Let's patiently wait for Ethereum's rise.