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Ethereum trades in a fragile zone as persistent pressure lingers near a critical trendline. A market analyst at World Of Charts reports that momentum remains unclear at current prices. The analyst notes that the price structure still appears weak, and traders now focus on the upcoming weekly close for confirmation. A move toward the US$1,700-US$1,800 range remains possible before that level is reached.
World Of Charts states that Ethereum currently looks weak and that its momentum does not show clear strength. Price action continues to hover around a key trendline that had been a support.
At this stage, the analyst urges patience. He explains that the structure has not yet confirmed a bullish shift. Therefore, traders continue to monitor whether Ethereum can maintain stability near this trendline.
If the price breaks lower before the weekly close, it may revert to the $1,700-$1,800 support range. The area that previously acted as a strong base.
The weekly close now stands as the main focal point. According to the analyst, a positive signal would require Ethereum to retest the trendline and close above it, with the price holding support during the process.
With this outcome, Ethereum could begin to rebuild its bullish momentum. The move would signal renewed strength in market structure. Until then, traders remain cautious.
The analyst notes that confirmation depends on how the price reacts around the trendline. A strong close above it could shift short-term sentiment. However, the structure remains fragile without that confirmation.
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The analyst also outlines a possible downward move before the weekly close. Ethereum could drop toward the US$1,700-US$1,800 area once more. This range now serves as the primary support zone.
The analyst plans to watch for stronger confirmation if the zone holds and the price sticks to the trendline. Further analysis would follow based on how the trendline reacts. For now, the market waits.
Will Ethereum defend the US$1,700-US$1,800 zone and reclaim its trendline before the weekly close?
Until clear confirmation appears, the analyst maintains a cautious stance. Price structure remains under pressure. Market participants continue to monitor the weekly candle for decisive signals.
Ethereum remains under pressure as the price trades near critical trendline support. The upcoming ETH weekly close will determine whether momentum rebuilds or weakness continues toward the US$1,700 support zone. Traders should monitor price reaction closely for clear confirmation before positioning.
