According to Material Indicators (@MI_Algos), Ethereum (ETH) has posted a significant 34% gain on the weekly chart. The new Timescape Levels Indicator (beta) identifies strong technical resistance at the Q3 2024 Weekly Open, aligning with the 200-Week and 21-Week Simple Moving Averages (SMAs). Traders are advised to watch for a healthy support test before a potential resistance-support (R/S) flip, as these convergence points often act as critical decision zones for price action. Such technical confluence zones can influence short-term trading strategies and may signal increased volatility for crypto market participants (Source: Material Indicators via Twitter, May 10, 2025).