Ethereum (ETH) is at a critical point where its weekly candle close will determine its next major price movement. If ETH breaks above a key resistance level, it could potentially reach $4,000. On the other hand, a breakdown below support could lead to a decline towards $1,500. The current support level needs to be established as new support after a recent price decline. If this happens, it would confirm bullish pressure and push Ethereum towards $4,000. However, failure to hold above this level could result in increased selling pressure and bring ETH towards the next major support at $1,500. The upcoming weeks will be crucial in determining Ethereum's market direction.



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