Ethereum in the Golden Zone: Bounce or Breakdown?

Ethereum (ETH/USDT) Weekly Analysis:


Trendline Support:
The price has repeatedly found strong support along the upward-sloping trendline, maintaining a bullish market structure.

Key Zones:

Support Zone: The critical support lies between $2,200 and $2,400, aligning with the golden Fibonacci retracement zone (0.618 - 0.786), making it a significant area for potential accumulation.

Resistance Zone: The major resistance lies between $3,900 and $4,100, where the price has previously faced selling pressure.
Outlook:

Bullish Scenario: A bounce from the support zone and trendline could lead to a retest of the resistance at $3,900–$4,100.

Bearish Scenario: A break below the trendline and $2,200 could signal a deeper correction.

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