$ETH 1W: Zoomed out, have to be a bit bullish Ethereum / US DollarCOINBASE:ETHUSDOnchainDecodedEthereum on the weekly timeframe is sitting right at the bottom of its broader range and, importantly, it is still holding. The 1,900 to 2,000 zone has acted as range support multiple times historically, and we are seeing buyers step in again around that same region. Despite the aggressive selloff from 3,400 and the loss of 2,726, price has not broken down into a new structural low on the weekly chart. Instead, it is stabilizing at prior demand. Technically: • 1,900 to 2,000 is the key range floor. • 2,726 is the mid range pivot and first major reclaim level. • 3,488 remains the larger resistance overhead. The current weekly candle shows responsive demand off sub 1,900 levels, with price pushing back above 2,000. That type of reaction at established range support is constructive. Momentum is clearly damaged from the prior downtrend, but we are now at a location where risk to reward begins to favor dip buyers rather than late sellers. If ETH continues to hold above 1,900 and starts building higher weekly closes above 2,100 to 2,200, it opens the door for a move back toward the 2,700 pivot. That would confirm this as another successful range defense. Bearish invalidation is straightforward: a clean weekly breakdown and acceptance below 1,900 would likely accelerate toward deeper support around 1,600. Until that happens, this is still range behavior. Bottom line: ETH is sitting at the bottom of its higher time frame range, showing early signs of support. Lean bullish here from a positioning standpoint, as long as the range floor continues to hold.