#ETH
Weekly analysis of ETH/USDT pair 🚀
Ethereum is currently experiencing a sideways consolidation after a strong rise of 41% in May.
📉 Support: $2,300
📈 Resistance: $2,850
As US stocks approach their all-time highs, and Bitcoin heads toward new record levels, high-risk assets like Ethereum and alternative cryptocurrencies may see strong momentum.
Key bullish indicators:
✅ Weekly breakout of the Relative Strength Index
✅ Bullish crossover of the MACD
✅ Price stability above the 200-week moving average
✅ Random Relative Strength Index shows upward momentum
✅ Continued inflows into ETH exchange-traded funds
✅ Continued expansion of M2 money supply
Considering these technical and macro signals, I wouldn't be surprised to see Ethereum reach $4,000 in the next four to six weeks
