Ethereum Weekly Structure Tightens – Tower Top Pattern In Play?

Ethereum Weekly Structure Tightens – Tower Top Pattern In Play?
Ethereum has pulled back roughly 14% since the last week of May, but it’s holding firm above the critical $2,400 support zone. Despite recent volatility across the crypto market, ETH’s ability to defend this level has kept hopes alive for a potential recovery. Analysts are closely watching Ethereum’s next move, as the asset still trades well below its yearly highs, offering room for upside if momentum returns. Related Reading: Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up Since the start of the year, Ethereum has faced steep declines and inconsistent follow-through on bullish setups. However, many believe ETH is now positioned to recover lost ground — if bulls can reclaim the $2,800 resistance and flip it into support. A breakout above that level would likely open the door for a broader altcoin rally. Top analyst Big Cheds weighed in on the current structure, noting that Ethereum’s weekly chart printed its fourth small-bodied candle in a row — a classic sign of indecision. According to Cheds, ETH “still looks pre-tower top,” suggesting a potential trend sh ..

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