Current Price: $3,555.01
Timeframe: 1W (Weekly)
Price Change: +2.43%
Volume (24h):
ETH: 1.16M
USDT: 4.17B
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🔍 Chart Observations
📈 1. Trend Reversal & Strong Bullish Candle
ETH has delivered a powerful bullish engulfing candle on the weekly chart, signaling a strong momentum shift to the upside. Price surged from around $2,900 to over $3,500+ within a single weekly candle, indicating strong buyer dominance.
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🟢 2. Moving Averages (MA)
MA(7): $2,697 (yellow)
MA(25): $2,342 (pink)
MA(99): $2,674 (blue)
Price has decisively broken above all major moving averages, confirming a bullish breakout. The short-term MA(7) is on track to cross the longer-term MAs soon, signaling a potential bullish crossover next week.
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💸 3. Volume
Weekly trading volume is spiking — approaching 5 million, the highest level in recent weeks.
This surge in volume validates the breakout, making the move more reliable and less likely to be a false rally.
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🧱 4. Key Resistance Levels
Immediate Resistance: $3,665 – $3,673 (24h high zone)
Major Resistance: $4,107 (weekly top)
A break above $4,100 could propel ETH toward new 2024 highs.
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🛡️ 5. Support Levels
Support 1: $3,045
Support 2: $2,675 (MA99)
A solid base has been established around the $2,900 region.
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🔁 6. MACRO Trend
ETH has rebounded strongly from a long-term low near $1,385 and is now consistently forming higher highs and higher lows — a classic bullish reversal structure.
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🧭 What’s Next for ETH/USDT?
✅ Bullish Scenario (High Probability):
If ETH holds above $3,500 and breaks $3,673, the next target is $4,100.
Above $4,100, short-term upside could extend to $4,300–$4,400.
⚠️ Bearish Risk:
Failure to break $3,673 may trigger consolidation back to $3,000–$3,100.
Losing the $3,000 zone could expose ETH to $2,675–$2,700 support.
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📊 Verdict: BULLISH MOMENTUM CONFIRMED
Breakout + Volume Surge + MA Crossovers = Strong Bullish Confirmati$ETH
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ETH looks set for an advance toward $4,100+, provided $3,673 breaks with strong volume.