ETHEREUM $ETH WEEKLY ANALYSIS:

( Short - New all time high is coming with ETFs and Treasury companies buying billion worth of ETH weekly )

Price action - ETH gave the highest weekly close since Dec 2021 and it has broken above the key resistance of $4,100, which acted as a major rejection zone in previous rallies. This breakout confirms strong bullish momentum and ETH is still holding above the breakout level.

🔍 Key Levels:

- Support: $4,100 (previous resistance turned support)
- Next Resistance: $5,000
- Major Support Below: $3,400 (in case of a strong pullback)

📈 Indicators:

- MACD: Bullish crossover with widening histogram, indicating strong upward momentum.
- RSI: At ~69, approaching overbought territory but still has room to push higher before extreme levels.

💡 Outlook:

- If ETH holds above $4,100 this week, we could see a rally toward $5,000 in the coming weeks.
- Short-term pullback toward $4,100 is possible and could serve as buying opportunities if the support holds.

⚠️ Risk Note:

A Daily close back below $4,100 would weaken the bullish breakout and could trigger a retest of $3,400.

#ETH #BTC #ENA

#Gate Blue Challenge