ETH Weekly K Structure:
1️⃣ Trend Status
Clearly in a Downtrend Channel
Currently a Rebound Repair ≠ Reversal
2️⃣ Key Signals
Last week formed a Doji:
👉 Downward momentum weakening, bulls and bears entering a contest
Price is currently at:
Midline of the downtrend channel + Key Fibonacci level
Key Positions
🔴 Upper Resistance
3230–3240: Doji High
3400–3500: Upper boundary of downtrend channel + Strong resistance zone
👉 Until effectively broken, the rebound is still considered a repair
🟢 Lower Support
2718: Doji Low & Short-term critical level
Weekly close below: Look for a dip
2450–2600: Weekly target support & Mid-term value area
Trend Projection
Stay above 3240 and close weekly steady
👉 Rebound extends, target 3640–3720
Break below 2718 and close weekly below
👉 Continuation downward, target 2450–2600
Summary in one sentence
👉 The weekly outlook remains bearish, the doji is just a "deceleration signal," not a reversal signal.
👉 Direction choice, watch the weekly close at 3240 and 2718.
