ETH Weekly Technical Analysis
Ethereum
Blockchain platform that enables smart contracts and decentralized applications (dApps).
ETH Technical Analysis Summary
Ethereum is exhibiting strong bearish momentum on the weekly timeframe, having recently broken below the critical long-term support of the 200-week SMA at approximately 2,451. Technical indicators corroborate this negative outlook, with the MACD trending lower below the zero line and the RSI approaching oversold territory near 34. The price is currently testing support near the lower Bollinger Band; failure to hold this zone could open the door to lower targets in the 1,500-1,600 range.
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ETH Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading near the lower Bollinger Band with RSI at 34 indicating strong downward momentum. The recent close below the 200-week SMA is a significant bearish signal.
Long-term Sentiment (weeks to months): Bearish
The asset has lost the critical 200-week SMA support level. While the 50-week SMA remains above the 200-week SMA, the price structure is forming lower highs and lower lows, indicating a reversal of the previous uptrend.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-02T07:24:10.860Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,109.50 | $2,063.00 - $2,156.00 | Strong | Confluence of the Lower Bollinger Band (2,063.92) and the current weekly low. |
| $1,585.00 | $1,520.00 - $1,650.00 | Strong | Major consolidation zone and swing lows from late 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $2,475.50 | $2,451.00 - $2,500.00 | Strong | The 200-week SMA (2,451.03) will now act as immediate overhead resistance. |
| $3,182.50 | $3,053.00 - $3,312.00 | Strong | Zone defined by the 50-week SMA (3,053.72) and the middle Bollinger Band basis (3,312.86). |
| $4,000.00 | $3,900.00 - $4,100.00 | Weak | 2024 Swing high. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Breakdown of 200-week SMA | Bearish | N/A | Price has closed decisively below the 200-period simple moving average, a key long-term trend filter. |
| Strong | Descending Channel | Bearish | $2,000.00 | A corrective structure characterized by lower highs and lower lows since the 2024 peak. |
Frequently Asked Questions about ETH
What is the current sentiment for ETH?
The short-term sentiment for ETH is currently Bearish because Price is trading near the lower Bollinger Band with RSI at 34 indicating strong downward momentum. The recent close below the 200-week SMA is a significant bearish signal.. The long-term trend is classified as Bearish.
What are the key support levels for ETH?
StockDips.AI has identified key support levels for ETH at $2,109.50 and $1,585.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is ETH in a significant dip or a Value Dip right now?
ETH has a Value Score of 62/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.