According to @rovercrc, ETH is closing in on its highest weekly close ever, highlighting that Ethereum is approaching a potential record high on the weekly timeframe. Source: @rovercrc on X, Aug 12, 2025 https://twitter.com/rovercrc/status/1955147990210879694 A record weekly close is widely treated by technical analysts as a bullish confirmation of trend strength on higher timeframes, which traders monitor for breakout validation. Source: John J. Murphy, Technical Analysis of the Financial Markets For trade planning, market participants can compare this week’s close to the prior cycle’s record weekly close from late 2021 to assess confirmation risk. Source: Yahoo Finance ETH-USD weekly historical data