Weekly Chart Analysis of$ETH

"A Long-Term Strategy"

Hello. Today I want to share with you a detailed analysis of Ethereum (ETH) based on weekly charts. This approach is long-term, and while there are no guarantees in this market, I believe that understanding these key levels can help us make more informed decisions. Let's dive deeper.

The Current State of Ethereum: A Weekly Overview

At this moment, ETH is at 1,840.95 USD, and it has dropped 8.88% this week. In weekly charts, each candle represents a week of trading, allowing us to see broader and more significant movements. The last important low we have is 831.91 USD, recorded in June 2022. This level is crucial because it marks a historical turning point.

The current volume is 85.14K ETH, indicating that there is activity in the market, but it is not extremely high. This suggests that big players may be observing more than acting, and we should do the same: watch closely.

Support and Resistance: Key Long-Term Levels

This is where technical analysis becomes interesting. In weekly charts, support and resistance levels are more significant because they reflect long-term movements.

  • Main Support: The most relevant support is at 1,248 USD. This level has been key in the past and could act as a bounce point if the price falls. However, if the price breaks this support, the next important level is the historical low of 831.91 USD (June 2022). This is a critical level we need to watch.

  • Key Resistances:

    • The nearest resistance is at 3,935 USD, which was the last high in December 2024.

    • Further up, we have the historical resistance of 4,622 USD, reached in November 2021. This is an important psychological level that could be difficult to overcome.

Why Ethereum Remains an Interesting Option?

Ethereum is not just a cryptocurrency; it is the core of smart contracts, NFTs, decentralized finance (DeFi), and much more. Despite recent drops, the Ethereum ecosystem continues to grow and evolve. This makes it an interesting long-term investment, especially if you believe in the technology behind it.

My Approach: Long-Term Strategy with Humility

  1. Buy at Supports: If ETH falls to 1,248 USD, it could be a good time to consider a purchase. This level has been a strong support in the past, and while there are no guarantees, it is an interesting point to enter. However, it is always advisable to place a stop-loss lower, around 1,100 USD, to protect yourself in case the price continues to drop.

  2. Sell at Resistances: If ETH rises to 3,935 USD or 4,622 USD, consider taking profits. These levels have acted as strong resistances in the past, and they could be points where the price encounters difficulties to continue rising.

  3. HODL if You Believe in the Project: If you believe in the future of Ethereum, don't be scared by temporary drops. Sometimes, the best thing is to hold on and wait for the market to recover. This approach requires patience, but it can be rewarding in the long run.

Why This Approach is Important

I’m not telling you this is foolproof. No one has a crystal ball, and the market can change at any moment. What I offer you is a data-driven and analytical approach, not assumptions or empty promises. Humility is key in this game, and recognizing that we don’t always get it right is part of what makes us better investors.

Join the Community

If this analysis has been helpful to you, I invite you to share it with others who are also interested in the world of cryptocurrencies. Together we can learn and grow in this highly volatile market. And if you want more analysis, strategies, and real-time discussions, don't hesitate to follow me. We are all in this together.

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Remember, in this market, there are no guarantees, but with information, humility, and patience, we can navigate it in the best possible way. Thank you for reading, and I hope this analysis has been helpful to you. See you on the road! 🚀