#ETH

#ETH/USDT Weekly Chart Analysis – (Binance)

Current Price: $3,555.01

Timeframe: 1W (Weekly)

Price Change: +2.43%

Volume (24h):

ETH: 1.16M

USDT: 4.17B

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🔍 Chart Observations:

📈 1. Trend Reversal & Strong Bullish Candle

ETH has printed a strong bullish engulfing candle this week with a long body, suggesting momentum is shifting to the upside.

Price jumped from ~2,900 to over 3,500+ in one weekly candle—very strong buyer interest.

🟢 2. Moving Averages (MA)

MA(7): 2,697 (yellow)

MA(25): 2,342 (pink)

MA(99): 2,674 (blue)

➡️ Price has broken above all major MAs, confirming a bullish breakout.

The shorter MA(7) is about to cross the longer ones (bullish crossover likely next week).

💸 3. Volume

Weekly volume is spiking — almost 5 million, highest in recent weeks.

Volume confirms the strength of this bullish move. Breakouts with volume are more reliable.

🧱 4. Key Resistance Levels

Immediate resistance: $3,665 - $3,673 (24h high zone)

Major resistance: $4,107 (weekly top)

Break above $4,100 would likely send ETH to new 2024 highs.

🛡️ 5. Support Levels

Support 1: $3,045

Support 2: $2,675 (MA99)

Strong base has formed near $2,900

🔁 6. MACRO Trend

ETH rebounded from a long-term low around $1,385.

Now it's making higher highs and higher lows, signaling a long-term bullish reversal.

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🧭 What’s Next for ETH/USDT?

✅ Bullish Scenario (High Probability)

If ETH sustains above $3,500 this week and breaks $3,673 → next target is $4,100.

Above $4,100 = blue skies up to $4,300–$4,400 short-term.

⚠️ Bearish Risk

Rejection near $3,673 could lead to short-term consolidation back to $3,000–$3,100.

Failure to hold $3,000 may revisit $2,675–$2,700 support zone.

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📊 Verdict: BULLISH MOMENTUM CONFIRMED

Breakout + Volume + MA Crossovers = strong confirmation for upside. ETH is likely heading toward $4,100+ if $3,673 breaks with volume.

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