$ETH just closed a fourth straight week above its 50-week moving average, after holding $2,405. the 50-week average is the line that has separated recoveries from failed bounces on the weekly chart. Four closes above it means the move has lasted a month, not a single day. Ether is trading near $2,700. The low it bounced from is $2,405, a price that has held as support for several months. holding the average is not the same as breaking out. Ether is still under $3,000, and the previous all-time high is about $4,950. Ethereum ETFs lost about 191,500 ETH over a recent seven-day stretch. Spot selling also reached its heaviest cumulative level of the year earlier this month. The weekly average can hold even while those flows stay negative. $ETH has now stayed above the 50-week average for four weeks. It bounced from $2,405 and is trading near $2,700. What comes next is either a weekly close back under that average, or a move through $3,000. Neither has happened yet. #BTC Price Analysis# #Macro Insights# #Altcoin Season# $BTC