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