According to ChainCatcher news and Cointelegraph reports, analyst BitBull stated, "ETH is trying to close above $4,600 on a weekly basis. If successful, this will be an important confirmation that this is not a bull trap."
He also pointed out: "If ETH can achieve a weekly close above $4,600, it will set a record for the highest weekly close ever. At the same time, this will pave the way for the next upward phase, with a target price reaching $5,200–$5,500 next week."
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Analyst: If the ETH weekly closing price holds above 4600 USD, it may further pump to 5200 to 5500 USD.
According to ChainCatcher news and Cointelegraph reports, analyst BitBull stated, "ETH is trying to close above $4,600 on a weekly basis. If successful, this will be an important confirmation that this is not a bull trap." He also pointed out: "If ETH can achieve a weekly close above $4,600, it will set a record for the highest weekly close ever. At the same time, this will pave the way for the next upward phase, with a target price reaching $5,200–$5,500 next week."