Weekly Analysis of ETH/USDT Pair 🚀

Ethereum is currently experiencing a phase of sideways consolidation after a strong rise of 41% in May.

📉 Support: $2,300

📈 Resistance: $2,850

As U.S. stocks approach their all-time highs, and Bitcoin heads towards new record levels, high-risk assets like Ethereum and cryptocurrencies may see strong momentum.

Key Bullish Indicators:

✅ Weekly breakout of the Relative Strength Index

✅ Bullish crossover of the MACD

✅ Price stability above the 200-week moving average

✅ Stochastic Relative Strength Index shows upward momentum

✅ Continued inflows into traded ETH funds

✅ Continued expansion of M2 money supply

Given these technical and macro signals, I wouldn't be surprised to see Ethereum reach $4,000 in the next four to six weeks.

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