ETH Weekly: Testing Support After a Rejection
Ethereum bottomed near $1,500 in mid-2026, then broke out with a huge weekly candle in August, flipping the structure bullish with higher lows. But the rally stalled at the $2,620–$2,790 resistance zone, and the last two weekly candles are red.
This week, ETH wicked down to $2,313 and bounced back to around $2,450, a sign that buyers are defending the $2,350–$2,460 support zone. The weekly candle is still red, though, so it’s not confirmed yet.
Key levels:
Resistance: $2,620–$2,790, then $3,270–$3,400
Support: $2,350–$2,460, then $1,850–$1,940
Two scenarios:
🟢 Bullish: The weekly close holds above $2,460 and reclaims $2,540. ETH retests $2,620–$2,790, and a breakout opens the way to $3,300+.
🔴 Bearish: The weekly close falls below $2,350 and a retest fails. The next target is $1,900, which would fill the August breakout candle.
The weekly close on Sunday is the key signal. Until then, bounces are just technical relief, and patience beats guessing.
Not financial advice. Always do your own research and manage risk with a clear stop loss.
