Ethereum is Growing Amidst the Pressure—When Will the Price Truly Surge?

The True Picture of ETH Today: Price vs. Structure

Ethereum is waiting for a critical moment. In real-time data, ETH is changing hands at $3.05K with a -5.48% 24-hour decline, while the overall market valuation has reached $367.64B. But numbers are not the whole story—the real action is happening on the weekly timeframe, where structures are clearer and decisions are deeper.

The weekly chart shows a comprehensive setup: the price has been forming an upward channel for years, starting from the 2022 floor. Each dip down leads to a higher support level—this is a sign of intrinsic strength. But above, the resistance trendline remains solid, creating a narrowing range. This is compression, and traders know that compression won’t last forever.

Fake Breakout vs. Real Move: What Does It Really Mean?

Recently, the price attempted to break above the long-term resistance—but was quickly pushed back. For many traders, this looks like a failure. But those analyzing price action understand: such conditions are not a sign of weakness—they are preparation.

When rejection occurs near a critical level, the background dynamics are:

• Late bulls are flushed out, reducing overextension
• Leverage funding rates are reset, removing “overheated” market conditions
• Sentiment shifts from greed to cautious anticipation

These conditions traditionally set the stage for bigger moves, not negate them. Important: Ethereum did not fall below the upward support after rejection—it held the level. That is resilience, not weakness.

The Key Level to Watch: Support and Scenarios

While Ethereum remains in compression between rising support and upper resistance, traders await a critical signal: a clean, confirmed weekly close above the long-term trendline. It shouldn’t be just a quick wick or intraday spike—it needs to be a solid close, confirming a true structural breakout.

If this breakout occurs, projections point to the $6,500–$7,000 zone—a region long targeted based on long-term technical formations. This is the gap bullish traders are waiting for.

But if not—if the price is held down at resistance or support is lost—the scenario shifts. Repeated rejections will reinforce bearish bias, while support loss could lead to a deeper corrective phase. Such a situation might result in extended sideways movement, trapping the rising enthusiasm.

What Should Traders Do Now?

At this stage, volatility is expected—but no clear direction. Intraday moves may fluctuate, but the weekly close is the real anchor. Discipline relies here: wait for confirmation, rather than guessing based on quick swings.

Long-position traders should watch the upward support—its loss is a red flag. Those looking to enter should wait for clearer confirmation, either a genuine breakout or a deeper retracement offering a better entry at lower prices.

Conclusion: Compression Will Lead to Action

Ethereum’s weekly chart tells a clear story—long wait, compression, and an imminent explosion. Fake breakouts do not change the long-term setup; they only make the upcoming confirmation more significant. Every weekly close is an opportunity for the market to reveal its true direction.

Until then, patience and technical discipline are key. Price will not stop at $3.05K—there will be a compromise, and prepared, focused traders will benefit from the move ahead. In compression, there are no guarantees—only probabilities. And right now, probabilities are more bullish than ever, as long as the structure remains intact.