Ethereum is currently retracing toward an important weekly demand area, a zone that could play a decisive role in shaping its next major trend. This pullback appears healthy within the broader structure and may offer clarity on whether $ETH is preparing to continue higher or shift direction.
Market Structure Overview
Weekly Trend: Ethereum remains structurally bullish on the weekly timeframe.
Critical Demand Zone: $1,536 – $1,696
This region represents a strong historical demand area where buyers previously stepped in with conviction. A successful defense here could mark Ethereum’s next higher low.
Possible Scenarios
📈 Bullish Case
If price finds support within this demand zone and buying pressure returns, Ethereum could resume its upward trajectory, reinforcing the broader bullish trend on higher timeframes.
📉 Bearish Risk
A decisive breakdown below this zone would signal weakening demand and raise the likelihood of a trend reversal from bullish to bearish on the weekly chart.
Additional Insight
This level is considered an extreme demand zone, meaning it represents a deeper retracement area.
Ethereum may still react earlier, as intermediate demand zones exist above this range.
A clean and sustained move below this zone would significantly increase downside risk.
Final Thoughts
Ethereum is approaching a make-or-break region on the weekly chart. Price action and volume behavior around the $1,536 – $1,696 area will offer crucial clues about the next major directional move. Traders and investors should remain patient, closely observe market reactions, and manage risk accordingly.
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