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Ethereum Weekly Market Analysis: Currently consolidating, manage your positions well. The range is wide. Looking ahead, bullish if the 4-hour midline holds and it cannot be broken. The 2, 3, and 4-hour charts must open upward; for bearish signals, watch 1970. If broken, look near the previous lows.
Bullish outlook: a: Depends on whether the 4, 6, and 8-hour charts form a bullish breakout above the 30-line. On smaller timeframes, 15, 30-minute charts need to form a secondary bullish pattern, breaking above the 30-minute 256 moving average to form a new bullish wave.
b: Bullish if the 4-hour chart and above form a bullish trend.
c: Rebound without breaking the 12-hour 30-line, 2500; daily 30-line, 2800. If not broken, consider shorting.
Key levels: 2130/2150, 2170, 2200/2250, 2300, 2330, 2350, 2420, 2460, 2500, 2550, 2630/2650, 2700, 2750, 2800, 2830.
Breakout signals:
Single breakout: 3130/2150 🉑 Watch 2150, 2170, 4-hour upper band.
Double breakout: 2200 🉑 Watch 2250, 2300, 2330, 6-hour upper band.
Double breakout: 2330 🉑 Watch 2350, 2380, 2430, 8-hour upper band.
Triple breakout: 2430 🉑 Watch 2460/2480, 2500/2530.
Quadruple breakout: 2550 🉑 Watch 2580, 2600, 2650, 2700, 2750.
Future bearish outlook: a: On smaller timeframes, a secondary death cross forms, and the 4-hour midline is broken downward. The 2-hour opens downward, and the 15-minute chart must close below the 15-minute 256 moving average.
b: Rebound without breaking the 12-day line at 2580 continues to be short; breaking above indicates a bullish trend.
c: Watch for downward openings below.
Key levels: 2050, 2030, 2000, 1970, 1930, 1860, 1830, 1740, 1650, 1550, 1500, 1480, 1380, 1250.
Breakdown signals:
Single breakdown: 2000, 2-hour lower band 🉑 Watch 1980 /1970, 1930, 1900.
Double breakdown: 1900 🉑 Watch 1860, 1830, 1800, 3, 4-hour lower bands.
Triple breakdown: 1800 🉑 Watch 1740, 1680/1650, 1550, 1480, 1380, 1250, 1180.
Support and resistance levels switch; trade lightly around key levels.