Average weekly trading range in 2022 as of after week 37: USD 430.
Each bar is derived from one week of trading activity (Monday through Sunday and updated thereafter).
After week 37, there is a lower high and a lower low on a weekly scale, indicating weakness.
After week 24, Significant weakness for Ethereum is continuing (chart updated after Friday 17. June). Just this latest week is - 27% and in June as much as - 44%. For Ether to change the current weekly downtrend the first sign could be trades above USD 1.832.
After week 20, there is an inside Red bar on the weekly scale indicating pause to the ongoing downtrend (as for Bitcoin). According to the weekly chart, there is no change in the current weakness until Ethereum is trading above 2.550.
After week 18, chart above updated after trading Satursday 7. May, there is a lower low (2.517) and a lower high (2.992) on a weekly scale indicating further weakness. Trading back above USD 3.000 could change the current weaker view.
After week 16, Ethereum is continuing to make a lower low and a lower high on a weekly scale. This is signalling weakness in the making.
After week 14, (chart updated post Saturday 9th.) markets see a higher high and a higher low for the 4th week in a row. Only trading below 3.136 should question the current upturn.
After week 10, Ethereum is having a new lower low nd a lower high on a weekly scale. The consolidation of the previous larger down-move continues and only trading above USD 2.800 could possibly change the weak direction.
After week 09, there is a higher high and a higher low on a weekly scale., indicating strength. The latest bar is Red, indicating weakness. The aware of trades above 3.000 and below 2.570 for further readings. For now the development is choppy and consolidating prior weakness.
After week 07, this could easily go lower (read weak seasonality starts Sunday Feb. 20th as seen in the top chart). The weekly chart is showing a shallow Red bar consisting of a lower low and a lower high. Weak rather than strong until above 3.200.
After week 06, pre Sunday Feb. 13th, the chart is showing a nice higher high and a higher low giving strength to the outlook. The question is if this is somehow short lived or not. Only time will show and the latest bar is Blue.
After week 05, pre Sunday Feb. 6th, the chart looks heavy even after Friday's gain of + 11%. Seasonality could be strong these days so let's see if prices continue to catch up.
After week 03, markets are weak over the last 10 weeks. A seasonal juncture (see seasonality chart) occurs January 21., and could support prices over the next phase. USD 2.300 is the the floor for now even though with the weekly red bars.