Ethereum Price Prediction: ETH Pattern Resembles Past Surge
Ethereum Ethereum Price Prediction: ETH Pattern Resembles Past Surge Ethereum is holding near a key support area while its short-term correction remains active. At the same time, the weekly chart shows ETH forming a setup that looks similar to past consolidation zones before larger rallies. Ethereum Holds $2,220 Support as ETH Correction Stays Active Ethereum remains in a corrective phase after briefly breaking below Fridays swing low during CPI driven volatility, according to a chart shared by MCO Global on X. The 1-hour ETH chart shows price slipping below a short-term support area before stabilizing near the same zone. The move came after stronger-than-expected inflation data added pressure to risk assets and reduced expectations for quicker rate cuts. Ethereum 1-Hour Chart. Source: MCO Global said Ethereum has not confirmed a local low yet. The chart places the next key support near the $2,220 swing low, which now acts as the main level for the short-term structure. As long as ETH holds above that level, the pullback can still fit as a B-wave correction. Under that scenario, Ethereum could later form another C-wave higher if buyers defend support and reclaim the nearby range. However, the setup remains uncertain. ETH has moved sideways for nearly a month, and that long consolidation increases