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Ethereum on the Verge of Weekly High: 4050-4300 Resistance Looms
Analysis:

Ethereum on the weekly timeframe is approaching its resistance level in the range of $4050 to $4300.
A weekly candle closing above $3670 and sustained upward momentum could signal a long entry opportunity.
In case the $3670 level breaks and Bitcoin dominance remains range-bound, it's best to wait and observe the market's next move.
Key Points:

Support Levels: $3200, $2800
Resistance Levels: $3670, $4050-4300
Indicators: RSI approaching overbought zone, MACD bullish
Possible Scenarios:

Likely Scenario: Ethereum breaks above $3670 and climbs towards the $4050-4300 resistance.
Alternative Scenario: Ethereum ranges between $3200 and $3670 until Bitcoin dominance shows a clear direction.
Disclaimer:

This analysis is for informational purposes only and should not be considered investment advice.
Always conduct your own research and employ proper risk management before any trade.
Keywords:

Ethereum
Technical Analysis
Weekly Timeframe
Support & Resistance Levels
Indicators
RSI
MACD
Bitcoin Dominance
Long Trade
Risk
Resources:

TradingView: tradingview.com/
CoinMarketCap: coinmarketcap.com/
Good luck!

Sabzevarzadeh