Weekly analysis of $ETH /$usdt 🚀
Ethereum is currently in a phase of lateral consolidation after a strong rise of 41% in May.
📉 Support: $2,300
📈 Resistance: $2,850
With US stocks close to historical highs and Bitcoin advancing towards new records, risk assets like ETH and altcoins may show strong momentum.
Key Bullish Indicators:
✅ Breakout of weekly RSI
✅ Bullish crossover of MACD
✅ Price maintaining above the 200-week moving average
✅ Stochastic RSI showing upward momentum
✅ Continuous inflows into ETH ETFs
✅ M2 money supply continues to expand
Given these technical and macro signals, I wouldn't be surprised if ETH reaches $4,000 in the next 4 to 6 weeks.
