Ethereum 1 Week View

📊 Weekly Timeframe Technical Overview

On the weekly chart, ETH has recently achieved its highest weekly close in four years, signaling strong bullish momentum.

🔄 Key Support and Resistance Levels

Support Levels: The primary support zone lies between $4,150 and $4,200, with additional support around $4,000.

Resistance Levels: Immediate resistance is observed around $4,500, with stronger resistance near $4,700–$4,760 .

📈 Technical Indicators

Relative Strength Index (RSI): The 14-day RSI is approximately 51.58, indicating neutral momentum

Moving Averages: Short-term moving averages (5-day, 10-day) are above the current price, suggesting potential resistance, while longer-term averages (50-day, 100-day, 200-day) are below, indicating support

MACD: The MACD is positive, supporting a bullish outlook

🧭 Market Sentiment

Analysts are closely monitoring the Federal Open Market Committee (FOMC) meeting this week, as a dovish stance could bolster risk assets like ETH, potentially driving prices toward the $4,700–$4,800 range

📅 Price Forecast

Analytical forecasts suggest that ETH may reach approximately $4,311.84 within a week and $4,520.26 within four weeks.