By analyzing the #Ethereum chart on the weekly (logarithmic) timeframe, we can see that after dropping to $2100, ETH started recovering strongly following the ceasefire announcement, and is currently trading around $2430. If Ethereum manages to close above $2700 by the end of the week, we could expect further upside.
The next potential bullish targets are $2890, $3100, and $4100.
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The next potential bullish targets are $2890, $3100, and $4100.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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We're currently holding a bullish bias on Ethereum following its strong rebound from the $2100 support zone. The ceasefire announcement between Iran and Israel helped restore some confidence in the crypto market, with ETH showing solid recovery momentum.The key level to watch is the $2700 zone — a weekly close above it would confirm strength and likely attract more buyers into the market. If this level holds, ETH could push toward $2890, $3100, and potentially $4100 in the coming weeks.
However, failure to close above $2700 could signal a temporary stall or deeper consolidation.
Keep an eye on overall market sentiment and BTC price action for confirmation!
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.