Saad Ullah
⬤ Ethereum's weekly chart shows continued volatility, but the bigger picture remains solid. ETH is consolidating above a long-term support zone that formed after the sharp drop from the 2021 peak near $4,800. Despite choppy price movements, the overall structure hasn't broken—and that's what matters most for the current trend.
⬤ After an extended correction, Ethereum built a wide base in the lower price region, creating what analysts call a generational bottom range. This zone has repeatedly absorbed selling pressure, helping ETH stabilize and bounce back from deeper lows. Right now, Ethereum is trading around $3,100, showing consolidation rather than explosive upside movement. The recovery hasn't been smooth, but prices remain comfortably above the established support zone.
⬤ The weekly candles reveal ongoing volatility with sharp swings and periods of uncertainty, yet the broader pattern shows ETH reclaiming ground step by step. Higher lows have formed since bouncing from the bottom, pointing to improving structure rather than speculative pumps. This gradual recovery suggests Ethereum is rebuilding strength methodically—a sign often associated with more sustainable price movements.
⬤ This phase carries weight for the broader crypto market because Ethereum drives overall sentiment. Holding a generational bottom while keeping structural integrity intact reduces the chance of renewed downside and supports market stability. While short-term volatility will likely continue, the preserved structure reinforces confidence in the current trend's durability and its ripple effect across the cryptocurrency landscape.
Saad Ullah
