Analyst: Ethereum needs to close the week above $4,600 to confirm the bullish trend

According to BitBull, Ethereum (ETH) is struggling to maintain a weekly closing level above $4,600. If successful, this would be an important signal that the current upward momentum is not a bull trap.

He further commented:

• A weekly close above $4,600 would mark the highest weekly closing price in ETH's history.

• This could pave the way for the next bullish phase, with a short-term price target in the range of $5,200 – $5,500. $ETH $BTC