Ethereum Price Analysis: Trendline Test Meets Low Spot Demand

14 hours ago 4

Rommie Analytics

Key Takeaways

  • Binance OI at $5.68B is the lowest reading in the dataset.
  • The 2025 trendline wick rejection preceded a rally to $3,000.
  • Coinbase Premium Gap at -2.73 confirms absent US spot demand.
  • All three weekly SMAs are locked above as structural resistance.

Analyzing the 1 week chart from TradingView, we can see that ETH is currently trading at $1,763, with the weekly candle printing a low of $1,717 before a partial recovery. The candle body is sitting beneath the long-term blue ascending trendline that has defined Ethereum’s broader support structure since 2022. With 3 days and 12 hours remaining before the weekly close, this is not a confirmed breakdown – it is an active intrabar breach that buyers still have time to reverse.

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