Ethereum Price Prediction: ETH Loses $2K as $7K Setup Waits
Ethereum Ethereum Price Prediction: ETH Loses $2K as $7K Setup Waits Ethereum is back at a key decision point after losing the $2,000 level and rejecting the 200-week moving average. Analysts still point to a long-term $7,000 setup, but ETH first needs to defend its rising support line. Ethereum Chart Shows Five-Year Consolidation as Analyst Points to $7,000 Target Ethereum is nearing the end of a long consolidation pattern on the weekly chart, according to a setup shared by Rod on X. The analyst said ETH is close to completing a five-year structure. The chart uses a long Elliott Wave-style pattern, with the current move marked as the final part of a broader correction before a possible upside phase. Ethereum Weekly Chart. Source: The chart shows ETH moving through a large A-B-C structure after its 2021 peak. The first major low came in 2022, followed by a strong rebound and another pullback into the 2025–2026 period. Rods chart marks the latest decline as part of the final C wave. That area sits near a rising long-term support line, which has held the broader structure since the 2022 bottom. The projected path on the chart shows Ethereum moving higher after the consolidation ends. The upside projection points toward the $7,000