🚀 Ethereum Weekly Analysis (ETH/USDT) 🚀
Ethereum is showing strong bullish momentum this week, currently trading at $4,351.80 with a +2.91% gain in the last 24 hours. The weekly chart reveals a sharp upward rally from the $3,200 range, breaking key resistance levels.
📊 Key Points:
24h High: $4,366.46 | 24h Low: $4,166.77
RSI (6): 80.18 – ETH is in the overbought zone, which could signal a short-term pullback.
MA(7): $3,610.04 – Price is well above short-term moving averages, indicating sustained buying pressure.
Strong breakout momentum after consolidation, supported by high trading volume ($2.80B USDT).
🔍 Outlook:
If ETH holds above $4,300, the next target could be $4,500+. However, an RSI this high may lead to short-term corrections before another leg up.
📈 Trend: Bullish – but watch for retracements to buy on dips.