$ETH / USDT
If you’ve been following the previous analysis on $ETH, price has continued to slide and is now trading around $1,557, sitting right inside the major weekly support zone shown on the chart. The structure has shifted significantly, with ETH pulling back into the same region that formed the base of the larger head‑and‑shoulders reversal pattern.
What’s next on the chart?
From the current structure, ETH is showing deeper corrective behavior — the weekly candle has pushed firmly into support, and buyers haven’t shown a strong reaction yet. Despite the pullback, the broader pattern still suggests a potential long‑term bullish reversal as long as this weekly demand holds. The chart projects a possible continuation toward the $4,900–$5,400 region if the right‑shoulder support remains intact.
If price breaks cleanly under this weekly zone, however, the bullish reversal setup would weaken, opening the door for a deeper retracement before any attempt at continuation. This is just my view on ETH based on the current chart.
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