Ethereum (ETH) is approaching a major technical inflection point on the weekly chart. The price continues to respect a long-term ascending channel that has defined its macro trend since early market cycles. ETH is now testing the upper boundary of this channel, coinciding with macro resistance around the $3,000 area.
Meanwhile, the weekly RSI is also nearing a crucial descending trendline that has historically marked momentum exhaustion. A breakout above this RSI resistance would indicate a shift in underlying market strength, and could trigger bullish continuation toward $3,500–$4,000.
However, failure to break this RSI resistance — especially combined with the current bearish divergence between price and RSI — may signal an upcoming correction or a phase of consolidation before any major breakout occurs.
🔍 Key Technical Highlights:
Price nearing upper channel resistance
Bearish divergence present on the RSI
Weekly RSI testing descending trendline
Volume profile shows thin liquidity above current levels
Conclusion:
ETH is at a decision point. A confirmed RSI breakout could validate further upside, while rejection from this level may lead to a short- to mid-term pullback. Monitor RSI closely on the weekly chart — it may dictate Ethereum's next major move.
Meanwhile, the weekly RSI is also nearing a crucial descending trendline that has historically marked momentum exhaustion. A breakout above this RSI resistance would indicate a shift in underlying market strength, and could trigger bullish continuation toward $3,500–$4,000.
However, failure to break this RSI resistance — especially combined with the current bearish divergence between price and RSI — may signal an upcoming correction or a phase of consolidation before any major breakout occurs.
🔍 Key Technical Highlights:
Price nearing upper channel resistance
Bearish divergence present on the RSI
Weekly RSI testing descending trendline
Volume profile shows thin liquidity above current levels
Conclusion:
ETH is at a decision point. A confirmed RSI breakout could validate further upside, while rejection from this level may lead to a short- to mid-term pullback. Monitor RSI closely on the weekly chart — it may dictate Ethereum's next major move.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.