Ethereum Weekly Close Above $4,600 Sparks $5,200–$5,500 Rally
Analyst BitBull says a weekly close above $4,600 is critical for Ethereum to avoid a bull trap and confirm bullish momentum. Such a weekly close would mark a record high for ETH and clear near-term resistance. If confirmed with strong volume, liquidity and supportive macro drivers, the market could target a rally to $5,200–$5,500 next week. Traders should monitor ETH weekly close levels, apply disciplined position sizing and set stop-loss orders to manage downside risk. Sustained strength above $4,600 on the weekly timeframe would signal renewed confidence in Ethereum and increase the likelihood of a successful breakout.
Bullish
BitBull’s emphasis on a weekly close above $4,600 as a structural confirmation suggests a bullish shift in market sentiment for Ethereum. Historically, Ethereum has demonstrated strong follow-through rallies after securing weekly closes above key resistance levels—such as early 2021 when a weekly close above $2,000 preceded a rapid ascent to $4,000. If ETH closes above $4,600 with solid volume and liquidity, traders may view this as a reliable breakout signal, increasing buying pressure. In the short term, this could drive a rally toward $5,200–$5,500. Over the longer term, sustained weekly strength may indicate renewed bull market momentum in Ethereum, attracting fresh capital and reinforcing upward trends. However, risk management remains critical, as failure to hold above $4,600 could reverse gains.