#ETHRally 📊 ETH Weekly Analysis: Bullish Momentum or Impending Pullback?
Ethereum ($ETH) has surged over **45% in the past month**, outperforming the broader crypto market. After rallying from $3,000 to $4,268, ETH is now consolidating just below the critical **$4,300–$4,350 resistance zone**.
Key Technical Signals:
- Weekly Chart shows a bullish engulfing pattern—momentum favors buyers
- RSI is in overbought territory (~80), but no bearish divergence yet
- MACD remains bullish, with strong upward momentum
- Volume supports the breakout, with ETF inflows adding fuel
📈 Projection:
If ETH breaks and closes above $4,350, the next target is **$4,900–$5,000**. However, failure to clear resistance could trigger a pullback to **$4,150 or $3,800**.
🎯 Will ETH continue its climb or pause for breath?
ETH next move? 🚀 $5K or 🔻 $3.8K