Ethereum (ETH) Price Reaches Highest Weekly Close in a Year T | Crypto News Source
Ethereum (ETH) Price Reaches Highest Weekly Close in a Year
The Ethereum (ETH) price reached its highest weekly close since April 2022 last week and then moved above $3,000 this week. The weekly time frame technical analysis shows the ETH price has increased significantly during the past two weeks, creating a large bullish weekly candlestick. This was especially visible last week. The upward movement of Ethereum caused the first weekly close above a long-term horizontal area, which has intermittently acted as resistance and support since April 2021.
