Ethereum (ETH/USDT) Weekly Chart Analysis :
Anticipating a Correction
#ETHUSDT #WeeklyChart #Ethereum #ETH
After a significant upward movement, Ethereum (ETH) appears to be entering a corrective phase on the weekly chart. The price is approaching a critical support zone, highlighted in red, which could determine the next directional move. A decisive reaction at this level will be pivotal.
Key Levels :
Support : $2,100 (Monthly liquidity level)
Buying Zone : $1,461.95 (Weekly target area)
Conclusion :
Monitoring the price action as it approaches the key support zone is essential. A strong rebound could signal the resumption of the uptrend, while a failure to hold may lead to further declines.
Pro Tip :
Wait for daily confirmations before entering a trade to ensure the support level holds.
Investor Advice :
Exercise caution during this corrective phase. Implement risk management strategies, such as setting stop-loss orders below the support level, to protect your investment
