ETH: Strong Weekly Close Fuels Upside Outlook
ETH at $1762.71 eyes gains after strongest weekly close in a year, with 4h chart showing EMA50 support at $1703 and Bollinger resistance at $1802.
SourceAnalysis
ETH posted its strongest weekly close in nearly a year, prompting @CryptoMichNL to flag consolidation before further gains.
Price sits at $1762.71 inside the Bollinger Bands, testing upper resistance at $1802.74 while the 50-EMA at $1703.04 and 200-EMA at $1747.27 anchor the bullish structure. With RSI at 58.93 and MACD flashing a death cross, a measured pullback toward the 50-EMA support remains the highest-probability path before continuation. ETH price prediction models now incorporate this confluence alongside broader crypto market sentiment.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast