ETH/USDT Weekly Chart Analysis.

The Ethereum (ETH/USDT) weekly chart suggests a potential bullish reversal from a key support area. Here are the details of the analysis:

Support area: Around $1,750 – $1,830, where the price recently rebounded.

Resistance levels:

First target: $4,015

Key resistance: $4,663, which marks a key breakout level.
ETH has bounced off historical support levels, indicating potential accumulation.
If the price sustains above $1,800, the next target is $4,015, followed by $4,663 if the momentum continues.

A break below $1,747 – $1,700 could lead to further declines, with the next strong support near $1,053.
Look for a confirmation of a breakout above $2,000 to confirm a strong uptrend.
Keep an eye on volume and indicators (RSI, MACD) for further confirmation of momentum.

Risk management is important in volatile market conditions.

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DYOR. NFA