$ETH Based on the ETH/USDT weekly chart on Binance:

1. Overall trend

• ETH had a strong rally previously, reaching a peak near 4,877 USD, then declined and is currently accumulating around 3,126 USD.

• The current price is close to the EMA 25 line (3,163 USD) and below the EMA 7 (3,283 USD), indicating that the short-term trend may be weakening.

2. Support & Resistance

• Nearest resistance: 3,280 - 3,300 USD (EMA 7 zone and previous accumulation zone). If broken, ETH could target 3,500 - 3,800 USD.

• Strong support: 3,000 - 3,038 USD. If ETH loses this area, it may return to test the 2,800 USD level.

3. RSI Indicator

• RSI(12) = 48.9, RSI(24) = 51.2 → Currently in a neutral zone, no signs of overbought or oversold.

4. Trading Volume

• Trading volume is not too high, indicating weak buying/selling pressure, ETH is in an accumulation phase.

Upcoming outlook:

• Bullish scenario: If ETH holds above 3,100 USD and breaks 3,280 - 3,300 USD, the price may continue to rise to 3,500 - 3,800 USD.

• Bearish scenario: If ETH breaks below 3,038 USD, selling pressure may pull the price back to 2,800 USD.

➡ Strategy: Wait for confirmation signals (breakout or bounce from support), avoid FOMO, consider entering a position when the price exceeds 3,300 USD with high volume.