Ethereum (ETH) Weekly Analysis

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Ethereum (ETH) Weekly AnalysisEthereum / TetherUSBINANCE:ETHUSDTDRAli_AnalysisπŸ“Š Ethereum (ETH) Weekly Analysis Ethereum remains under bearish pressure on the weekly timeframe and is currently trading below several key supply zones and Fair Value Gaps (FVGs). πŸ”΄ Bearish Scenario: If the downtrend continues, the first major support zone and the maximum expected downside target is: πŸ“ $1,386 This level is expected to act as a strong support area where buyers may step in and trigger a significant rebound. 🟒 Bullish Scenario: If ETH successfully rebounds from $1,386 and manages to hold above this level, the price could begin a recovery move toward the upper FVG zones and potentially target a new all-time high. ⚠️ However, if $1,386 is broken and weekly candles close below it, the bearish trend may accelerate toward the following levels: 🎯 $1,216 🎯 $1,065 🎯 $899 Each level represents a potential support zone, but breaking them would further strengthen the bearish outlook. πŸ“Œ Conclusion: The $1,386 level is the key decision point for Ethereum. Holding above it keeps the possibility of a strong recovery and new highs alive, while losing it opens the door for a deeper correction toward lower targets. #ETH #Ethereum #Crypto #TechnicalAnalysis #DrAliTrading