Summary
TLDR: Ethereum (ETH) price reached its highest weekly close since April 2022, moving above $3,000. Analysts are positive about future trends, with a potential increase to $3,400. However, failure to close above $2,920 could trigger a 10% drop. The wave count suggests ongoing upward movement.
Key Points
1. The Ethereum (ETH) price reached its highest weekly close since April 2022 and moved above $3,000 this week, indicating a significant increase in value.
2. The weekly technical analysis shows that Ethereum cleared long-term resistance, with the price reaching a high of $3,032, the highest since April 2022.
3. Analysts are positive about the future trend of Ethereum, with some suggesting that a breakout above $3,100 could trigger a significant upward movement in price.