$ETH Weekly Update: Ether Continues to Show Strength
Ethereum ($ETH) closed the week on a positive note, showcasing its growing resilience. This performance reaffirms that at the $100,000 mark, investors are targeting assets with better profit-to-loss ratios, with Ether emerging as a strong contender. As long as key levels hold, Ether's bullish momentum remains intact.
The key level to watch is $3,270. As long as this support remains unbroken, there’s no reason to anticipate a market top. The upside targets of $3,715 and $3,860 are still in play. Traders can utilize the 1-hour chart to draw trend lines, identify flag patterns, and project higher targets for strategic positioning.
At this point, Ether is demonstrating remarkable stability. Trading with the trend and leveraging well-defined levels can position traders for success as the market evolves.