Analyst: If ETH's weekly closing price holds above $4600, it may further rise to $5200 to $5500

BlockBeats News, August 25th, according to Cointelegraph’s report, analyst BitBull stated, "ETH is attempting a weekly close above $4,600. If successful, this would be an important confirmation that this is not a bull trap."

He also pointed out: "If ETH can achieve a weekly close above $4,600, it will set a new all-time high weekly closing price. At the same time, this will pave the way for the next uptrend phase, with a target price reaching $5,200–5,500 next week."