📊 ETH/USDT Weekly Analysis 🚀
Ethereum just made a major move on the weekly timeframe!
✅ Breakout above the 200-week MA – This is a strong long-term bullish signal. ETH has finally closed above this key resistance, hinting at a potential macro trend reversal.
✅ Established support above the 21-week & 100-week MAs – This shows that buyers are stepping in and defending key levels. It’s building a solid base for the next leg up.
🔄 Next step: Test and break the 50-week MA – 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.
📈 The chart structure is clean — it’s all about whether ETH can flip the MA50 into support. Keep watching this level!$ETH
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