ETH Weekly Recap: Breakout or Pullback in Play

Ethereum (ETH/USD) on the weekly chart recently retested the July FVG imbalance zone around $3,388.13, showing a strong bounce after hitting lower liquidity near $1,600.00. The bullish scenario points to a potential move toward the previous ATH at $4,878.60 if momentum builds, especially with Stoch RSI cooling off from overbought levels. Conversely, watch for a bearish pullback if resistance holds at $3,388.13, targeting lower liquidity again—key levels to monitor are $3,388.13 and $1,600.00!