Ethereum Weekly Update

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As anticipated, Ethereum has achieved all weekly targets, perfectly following our bullish (green) scenario. Price currently tests a key resistance zone after:
  • Holding critical monthly support at $2,966
  • Rallying to our projected upside targets

Technical Observations:
  1. Bearish Divergence (4H RSI)
  2. Trend Weakness (H1 & H4 ADX decline)
  3. Seller Reaction at resistance, yet holding above $3,300

Key Levels:
  • Break above resistance → Continuation likely
  • Break below $3,300 → Pullback toward $3,000-3,100 expected

Conclusion:
While the trend remains intact, weakening momentum signals potential short-term correction. Trade plan aligns with Monday’s video analysis.

Penafian

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