$ETH — Weekly Outlook 🔍
📉 Higher-timeframe context:
ETH formed a top in the premium high region and entered a clear corrective phase on the weekly chart, followed by a sharp selloff that flushed liquidity.
📊 Current structure:
Price is now stabilizing around a key Fair Value Gap (FVG) aligned with the breaker zone.
This confluence makes the current area critical, as it can act as a reaction point for the next move.
📈 Outlook:
• Short-term upside reaction and recovery are possible from this region
• However, patience is required — a downside retest into the breaker zone remains possible before a stronger and more sustainable recovery develops
Focus remains on how price reacts around this HTF confluence zone.