Ethereum is entering a make-or-break phase on the weekly chart, with analysts warning that the coming days could determine whether the market resumes its uptrend or slips deeper into consolidation.
Market analyst EliZ shared a cautious outlook, noting that Ethereum’s current structure lacks clear directional signals. “At the moment, I prefer to stay out of the $ETH market,” he explained, pointing out that the price action remains trapped between key support and resistance zones. “This week is crucial, a weekly close above the red box would confirm support and open the way for a retest of the upper resistance.”
According to EliZ, the red box represents the lower structural support holding Ethereum’s bullish bias intact. A close below this level could invalidate the current setup, leading to a deterioration in momentum and a potential shift toward a bearish market environment.
On the flip side, a close above the green box would mark the area of recovery, signaling a return of strength and demand. In that scenario, trader sentiment could improve sharply, sparking renewed capital rotation toward altcoins. EliZ highlighted that a confirmed breakout could serve as the catalyst for a wider market recovery, mirroring the kind of sentiment-driven rallies seen earlier in the year.
“For now, it’s better to react to price than to anticipate it,” EliZ cautioned. Until Ethereum decisively clears one of these critical levels, he views the market as neutral and consolidating, a “macro waiting zone” where patience, not prediction, remains the best strategy.
