Ethereum (ETH) Faces Weekly Loss Despite Recent Recovery

Ethereum (ETH) is currently priced at $3685.45, reflecting a slight increase of 1.36%. In Turkish Lira, the price is approximately 149,800 TL, up by 1.23%. However, on a weekly basis, ETH has experienced a decline of 4.72%, indicating some short-term volatility despite the recent gains. The highest recorded price this week was 151,064 TL, while the lowest was 145,400 TL. The trading volume stands robust at around 6.84 billion TL, suggesting active market engagement.

This mixed performance shows that while Ethereum has regained some value in the short term, there remains a notable weekly decline that could signal caution for traders. The fluctuations between peak and trough levels are typical in the highly volatile crypto market, but the overall trend this week was negative despite the minor rebound today. The substantial trading volume indicates strong liquidity and interest, which could support further price movements either way depending on market sentiment and macro factors.

Considering the recent weekly decrease, investors should monitor ETH's support levels around the lower weekly price of 145,400 TL, which could serve as a critical zone for potential rebounds or further declines. The resilience shown by ETH in the recent volatile period suggests underlying strength, but traders need to plan their entries and exits carefully given the ongoing fluctuations and overall market environment.