ArmanShabanTrading | Ethereum Pullback Over? Next Stop New Highs!

[Arman Shaban]

By analyzing the Ethereum chart on the weekly timeframe, we can see that after climbing to $4,700, the price pulled back and is now trading around $4,500. If ETH can hold above the $4,480 level, we can expect more upside.

However, today the market will be very volatile due to the Fed interest rate decision. With that condition in mind, the next possible bullish targets for Ethereum are $5,100, $5,500, and $6,000.

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Best Regards , Arman Shaban

[Arman Shaban]

Since my last analysis, Ethereum has pushed higher and reached $4,680, showing strong bullish momentum. As long as the price holds above the $4,480 support zone, the upside outlook remains intact.

With this momentum, the next bullish targets for Ethereum stay at $5,100, $5,500, and $6,000. Traders should keep an eye on volatility, especially around macro events, but the current trend favors further continuation to the upside.