Ethereum weekly consolidation awaiting breakout, $6500-$7000 becomes a key zone

OnChainDetective · 2026-01-08T13:00:09+00:00

ETH is in a long-term upward channel on the weekly chart, with recent consolidation, which may indicate that a major change is imminent. If it breaks through the resistance level, it could rise to $6,500 to $7,000; otherwise, it may consolidate sideways for a long time. Await a clear directional signal from the weekly chart.

OnChainDetective

2026-01-08 13:00:09

Abstract generation in progress

【Crypto World】ETH has been repeatedly consolidating within a long-term upward channel on the weekly chart, which may indicate that a major change is imminent. Once the weekly closing price breaks through the resistance level, Ethereum is expected to surge into the $6,500 to $7,000 price range. Conversely, if it cannot hold the support of the upward trendline, the price may enter a prolonged sideways consolidation. Recently, the price has been repeatedly blocked above the trendline, appearing to be a false breakout designed to shake out short-term retail investors and reorganize the market structure. The good news is that the bullish pattern remains intact, and now we are just waiting for the weekly chart to give a clear directional signal.

ETH0,92%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
10
Repost
Share

Comment

0/400

LiquidatedThrice

· 01-10 22:06

You're starting to tell stories again. Can we stop the manipulation this time? Retail investors are almost wiped out.

View OriginalReply0

ContractBugHunter

· 01-10 04:41

Waiting for the weekly signal again. To be honest, this round of consolidation should have been over long ago. It feels like it's just repeatedly cutting the leeks.

View OriginalReply0

New_Ser_Ngmi

· 01-09 22:41

They're doing another shakeout. The retail investors who should have sold have already sold, now just waiting.

View OriginalReply0

ColdWalletGuardian

· 01-08 16:43

Still consolidating, when will we get a clear and decisive signal?

View OriginalReply0

ImpermanentPhilosopher

· 01-08 13:30

Playing the fake-out again? I told you, I've seen this kind of shakeout manipulation too many times. The key is whether the weekly chart can truly break through; otherwise, it's just a dream for the big players.

View OriginalReply0

MetaverseHobo

· 01-08 13:26

Playing this game again? Every week they say a breakthrough is imminent, but it's still the same old routine of shakeouts.

View OriginalReply0

GhostAddressMiner

· 01-08 13:13

Basically, it's the market manipulators shaking out the weak hands. Those early addresses are starting to stir again, with on-chain footprints very clear—funds are repeatedly moving between original addresses, and as soon as the weekly trend breaks, they dump the market directly.

View OriginalReply0

PumpStrategist

· 01-08 13:12

Once again, it's the same rhetoric of "patterns have formed, waiting for signals." The weekly chart has been repeatedly blocked multiple times. How can they still claim the structure is intact? The chip distribution shows that institutions have already started to offload at high levels, while retail investors are still waiting there for directional signals.

View OriginalReply0

GateUser-ef3036c5