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Ethereum moved toward critical weekly support levels this week after the market cleared all downside gaps. The chart showed a precise reaction near the $2,880 fair value gap, and traders tracked new demand levels as price retraced from the $4,058 swing high. The weekly structure now looks clean, and analysts are focused on two bullish order blocks at $2,622 and $2,256. Many traders watched these zones as potential accumulation regions for long-term buyers.
The chart confirmed that Ethereum filled the fair-value gaps from earlier breakdowns. The move also aligned with a broader retracement zone between the 0.382 and 0.618 Fibonacci levels. ETH traded near $3,047 at press time, and the market prepared for the next directional shift.
ETH erased downside inefficiencies on the weekly chart. This cleared the path for cleaner upside conditions. The filled FVG near $2,880 created the first major reaction zone. Price bounced at that level earlier, and traders monitored strength as the retracement continued.
The next key zone sits near the bullish order block at $2,622. This aligns with the 0.5 Fibonacci level at $2,662. The region has a history of attracting demand in past cycles. The deeper bullish order block at $2,256 rests near the 0.618 Fibonacci level at $2,577. Many analysts described this zone as an elite accumulation pocket for long-term buyers.
ETH now trades between these levels, and traders wait for confirmation of a stronger reaction.
Ethereum’s weekly chart shows a major swing low near $1,577. The current retracement sits almost halfway between that low and the $4,058 peak. This places ETH at a decisive mid-trend level. The 0.382 Fibonacci level at $3,048 acted as a temporary support zone. ETH held this region in recent sessions, yet the chart still leaves room for a deeper retest.
The 0.5 and 0.618 levels remain the central focus. These areas often attract institutional orders in long uptrends. The chart also shows an almost-filled lower FVG around $2,260. This confirms that Ethereum may dip deeper before buyers regain control.
Crypto market analysts highlighted two major areas. The first sits at $2,622. The second sits lower at $2,256. A move into either zone may trigger renewed accumulation. Many traders consider these levels key points for the next impulse leg.
ETH’s weekly structure now holds clean upside potential because the market cleared all bearish inefficiencies. Traders now wait for a confirmed reversal signal. Price must reclaim the 0.382 Fibonacci level with strong volume to show early strength. A deeper dip remains possible, yet both highlighted order blocks carry strong historical weight.
The broader market also watches Bitcoin's movement for correlation signals. A stronger BTC bounce may support ETH’s recovery attempts in the coming sessions.
Also Read: Top 3 Tokens Whales Are Quietly Buying: Ozak AI, Ethereum, and Solana
Ethereum approaches decisive weekly support zones after clearing downside gaps and filling major FVGs. The bullish order blocks near $2,622 and $2,256 now guide market expectations as traders wait for a strong reaction. ETH must hold one of these zones to sustain its long-term structure and prepare for a potential upside continuation.
