Ethereum keeps grinding sideways, with weekly support holding but no clear breakout yet. Analysts say the next move likely depends on how ETH reacts at the major zones into 2026.
Ethereum Weekly Chart Flags 2026 Decision Zone After Support Holds
Ethereum traded near $2,947 on the weekly ETHUSD chart as a market update from More Crypto Online said price still sits close to a larger structural support zone. The analyst said an upside response remains possible from this area, while warning that the market could still print one more low early next year before choosing a clearer direction.
Ethereum Weekly Elliott Wave Zones. Source: TradingView, More Crypto Online
The chart highlights a support band around $2,618, $2,252, and $1,818, levels shown as key Fibonacci references on the weekly structure. In the same view, Ethereum also sits below a nearby resistance cluster marked around $3,348 to $4,619, which frames the first major area price would need to reclaim to shift the broader setup.
Looking into 2026, the More Crypto Online post said the most important reference remains the resistance zone above, because the market’s reaction there would decide which larger scenario takes control. The analyst said both primary scenarios remain structurally valid for now, and the chart does not yet confirm that Ethereum has made its final decision.
The update added that probabilities will shift only when price action confirms behavior at the major zones. Instead of calling a direction today, the analyst said the current structure mainly defines conditions that could guide the next move as the market approaches 2026. Source: More Crypto Online on X, TradingView chart screenshot.
Ethereum Holds Range as 2026 Nears, Ted Pillows Says
Ethereum stayed range bound on the daily ETH/USDT chart after failing to reclaim higher resistance bands marked on the setup shared by Ted Pillows. The post said ETH “has gone almost nowhere since yesterday,” while price hovered around the $2,940 area on Binance.
Ethereum Range Zones on ETH USDT Daily Chart. Source: Ted Pillows
The chart shows multiple overhead supply zones, with the nearest resistance bands drawn around the low $3,000s and another higher band near the mid $3,000s. At the same time, the lower green support zone sits below current price, stretching toward the high $2,000s and lower, which frames the downside area traders often watch if the range breaks.
Ted Pillows said Ethereum remains “stuck in a range” and suggested major volatility may not arrive until 2026 begins. The same chart maps several potential paths, including a push into resistance, a pullback to support, or continued sideways movement, while price remains trapped between the marked zones.
Source: https://coinpaper.com/13429/ethereum-is-stuck-and-2026-could-decide-what-happens-next
