Ethereum Price Prediction: ETH Faces Weekly Close Above $1,850
Ethereum Ethereum Price Prediction: ETH Faces Weekly Close Above $1,850 Ethereum is trading near key weekly levels as analysts point to two opposite setups on the ETH chart. One chart shows a five year compression pattern with a possible breakout path, while another warns that a weekly close below $1,850 could send ETH toward lower support zones. Ethereum Price Holds Five Year Range as ETH Breakout Setup Builds on the weekly chart as analyst James EastonUK points to a long compression structure that has kept ETH inside a broad range for several years. The chart shared on X shows ETH moving inside a large consolidation box after its 2021 cycle rally. James wrote that the ETH move will be “obscene,” adding that five years of compression could lead to a strong breakout. Ethereum Weekly Compression Chart. Source: The chart compares Ethereums previous cycle structures with the current weekly setup. It shows earlier consolidation phases before strong upside moves in 2016 and again before the 2020 to 2021 rally. The current structure shows ETH trading inside a wide range that began after the 2021 peak. Price has held between the lower support area near $1,200 and the upper resistance zone near $6,000 on the chart. ETH is now moving around