Price break below the medium-term trend line and strong rejection from the $4,800–$5,000 range confirm a lower high. It is now retreating again to the key support zone between $1,500–$1,700. If this level holds → a strong rebound is likely. If the week closes below → momentum shifts to bearish and opens the door for further decline. This zone defines the next major move.
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$ETH At a critical weekly level.
Price break below the medium-term trend line and strong rejection from the $4,800–$5,000 range confirm a lower high.
It is now retreating again to the key support zone between $1,500–$1,700.
If this level holds → a strong rebound is likely.
If the week closes below → momentum shifts to bearish and opens the door for further decline.
This zone defines the next major move.