$ETH Weekly Outlook | Macro View For nearly half a decade, $ETH has been trapped in a massive consolidation zone between roughly $1K and $5K. To me, this doesn’t look like random chop — it looks like a long-form accumulation structure with a broad corrective phase still unfolding. What matters now is the larger rising channel ETH has respected for years. My thesis: 2026 could be the year that support finally breaks. If that happens, it likely won’t be the end — it’ll be the cleansing move. The kind of final capitulation that resets sentiment, wipes out weak hands, and closes the bear cycle for good. My main downside area remains unchanged: $1,000–$1,300 — that’s where I’d be watching closely for high-conviction positioning. Yes, a deeper flush below the 2022 lows is possible in a true panic scenario, but that’s not my base case. If the long-term structure completes the way I expect, the next expansion phase could be aggressive: 🎯 Long-term upside roadmap (2027–2029): $7.5K → $10K → $14K+ Big picture: pain first, euphoria later.