ETH/USDT Weekly Analysis 🚀
Ethereum is currently in a sideways consolidation phase after a strong 41% rally in May.
📉 Support: $2,300
📈 Resistance: $2,850
With the U.S. stocks near all-time highs and Bitcoin pushing towards new records, risk-on assets like ETH and altcoins could see strong momentum.
Key Bullish Indicators:
✅ Weekly RSI breakout
✅ MACD bullish crossover
✅ Price holding above 200-week MA
✅ Stochastic RSI showing upward momentum
✅ Continued inflows into ETH ETFs
✅ M2 money supply continues to expand
Given these technical and macro signals, I wouldn’t be surprised to see ETH hit $4,000 in the next 4–6 weeks.
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