$ETH pumped +31% this week and printed its highest weekly close since May 2025.

ETH is now testing the Weekly MA 200 MA the most important line for trend reversal.

The chart shows:

1. Strong bounce from long-term support near $1,500
2. Previous bounce from the same zone was nearly +39% in May 2025, which led ETH toward a new ATH in just 4 months
3. Weekly MACD is turning up from the same oversold area that marked earlier bottoms

Key Levels
- Resistance: Weekly MA 200 / $2,500
- Next resistance: $3,400
- Support: $1,900 and $1,500

Two scenarios:

1. Hold and close above the Weekly MA 200 will open a path toward $2,800–$3,400
2. Reject from this level means ETH can retest $1,900, then the major support near $1,500.

We will keep you guys updated.