ETH

The weekly chart shows a large bullish candlestick with a rise of over 45%, and the trading volume is more than twice that of the previous week, indicating a strong upward trend with increased volume, representing the strength of the bulls. This week is likely to continue pushing upward before experiencing a downward correction.

The weekly MA30 line has shifted from a downward trend to a flat trajectory, and the price is still below the MA30 line, meaning that the MA30 line will continue to act as a resistance level in the near term, with the price around 2695.

The weekly MACD is slightly below the zero axis, showing a rapid decrease in bearish momentum, which is weakening and transitioning into a bullish crossover of the fast and slow lines, indicating an increase in upward momentum.

It is unlikely that the weekly level can continue to surge directly; the 45% increase in a single week has consumed a lot of bullish power, and the bears will take advantage of the bulls' exhaustion to counterattack.

The best scenario going forward is to push upward at the weekly level, followed by a broad range consolidation for a week or two, building momentum before continuing to push higher.

The rebound at the weekly level has already begun, and the trend is starting to change, but to truly confirm a trend reversal, we must wait for the price to break through and stay above the weekly MA30 for three consecutive weeks.