Gold Like Setup Meets Rising Channel Test

Ethereum traded near $3,007 on the two week chart and near $2,954 on the weekly chart in two TradingView posts on X. Both setups point to a key decision zone, as ETH holds trend support while it sits below repeated resistance.

Ethereum chart mirrors gold’s base, while breakout risk builds

A side by side TradingView snapshot from X user apugeneral compares Ethereum on a two week chart with gold on an 18 day chart and argues the two markets share the same rhythm: a big peak, a long rounded bottom, then repeated tests under a rising ceiling. In the image, ETH last trades near $3,007, while gold prints near $4,832 after a steep run.

Ethereum vs Gold Long Term Structure Comparison. Source: apugeneral on X

On both charts, the curved white markings frame a similar cycle. First, each market tops and sells off. Next, each drifts through a broad, rounded basing phase that stretches for years. After that, both recover into a choppy range, where price keeps tagging a slightly rising resistance line. The yellow dots on each chart highlight those repeated touches, suggesting sellers keep defending the same zone, even as the floor trends up.

However, the key difference sits on the right chart. Gold already broke above that resistance line and then accelerated into a near vertical move. Meanwhile, ETH still trades below its own rising ceiling, with the most recent swing failing to clear that marked barrier. If ETH follows the gold analogue, the “tell” becomes a clean two week close above the dotted resistance area, followed by price holding that line on a retest. In that scenario, the chart implies a higher probability of a fast expansion move toward the prior peak zone, because the range would shift from repeated rejection to acceptance. If ETH fails again and slips back into the middle of the range, then the comparison weakens, and the chart points to more sideways action before any decisive trend resumes.

Ethereum stays inside rising weekly channel as price resets near mid range

Meanwhile, A weekly TradingView chart from X user Crypto TheBoss shows Ethereum trading inside a long running ascending channel that has guided price since mid 2022. At the time of capture, ETH trades near $2,954, sitting close to the channel’s midpoint after pulling back from the upper boundary.

Ethereum Weekly Ascending Channel Structure. Source: Crypto TheBoss on X

The chart highlights a repeating structure. ETH rallies toward the upper band, fails to hold the highs, then corrects back toward the lower half of the channel before turning up again. The blue zigzag overlays emphasize that rhythm, with each downswing finding support above the channel floor rather than breaking the broader trend. As a result, the structure continues to define higher lows on a multi year basis.

For now, price holds above the lower channel boundary, which remains the key technical reference. If ETH stabilizes above that rising support and reclaims momentum along the dashed midline, then the chart keeps the path open for another advance toward the upper band later in the cycle. However, a decisive weekly close below the lower boundary would mark the first structural failure of the channel since 2022 and signal a shift away from the established trend.