ETH/USDT Weekly Analysis 🚀
Ethereum is currently in a phase of sideways consolidation after a strong 41% rise in May.
📉 Support: $2,300
📈 Resistance: $2,850
Given that stocks in the US are close to historical highs and Bitcoin is aiming for new records, risk assets like ETH and altcoins may show strong momentum.
Key bullish indicators:
✅ RSI breakout on the weekly chart
✅ Bullish MACD crossover
✅ Price holding above the 200-week moving average
✅ Stochastic RSI showing upward momentum
✅ Continued inflows into ETH ETFs
✅ M2 money supply continues to grow
Considering these technical and macroeconomic signals, I wouldn't be surprised if ETH reached $4,000 in the next 4–6 weeks.
