🔥 $ETH Weekly Outlook — short-term direction in question

Looking at the $ETH chart, I’m mapping out possible targets for the coming week. The two main scenarios on my radar are a move toward $3,650 or a pullback to the $3,070 zone.

While most indicators and models still point to bullish continuation — supported by steady accumulation from whales and large wallets — I’m not fully convinced the current move is genuine. From my perspective, this could be a liquidity grab / false breakout, followed by a retrace toward the 3,070 area, where a healthier base for the next impulsive leg could form.

In addition, my time-based analysis hints that the final week of January may bring increased pressure rather than expansion.

Overall, this is not a high-conviction setup yet. I’m treating this zone cautiously and would like to see more confirmation before committing. I’m planning to reassess and potentially act at the start of next week.