Technical analysis by MrHans08 about Symbol ETH on 7/5/2025

Let's look at the big timeframe (weekly). currently the price is moving in the consolidation area, forming a triangle with a narrowing trend but in a long time span. therefore there has been no eth spike for several years making it feel boring. big movement if it is able to penetrate the breakout line of 3500-4000$ or there will be a rejection if it fails. Major support is in the area of ​​1500-1700$ which historically is quite good at withstanding high selling pressure.