๐ ETH/USDT Weekly Analysis ๐
Ethereum just made a major move on the weekly timeframe!
โ Breakout above the 200-week MA โ This is a strong long-term bullish signal. ETH has finally closed above this key resistance, hinting at a potential macro trend reversal.
โ Established support above the 21-week & 100-week MAs โ This shows that buyers are stepping in and defending key levels. Itโs building a solid base for the next leg up.
๐ Next step: Test and break the 50-week MA โ ETH now faces the MA50 as the next major resistance. A successful breakout above this level could open the door to sustained bullish momentum and possibly retesting previous highs.
๐ The chart structure is clean โ itโs all about whether ETH can flip the MA50 into support. Keep watching this level!$ETH
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