COINOTAG reported on August 25, citing Cointelegraph, that analyst BitBull highlighted the importance of an ETH weekly close above $4,600 as a structural confirmation that the move is not a bull trap. Such a weekly close would register a new all-time high for weekly closing prices and, according to the analyst’s view, could clear near-term resistance and increase the probability of a retest toward a target $5,200–$5,500 range. Market participants should treat this as an expert projection—monitor volume, liquidity and macro drivers for confirmation, apply disciplined position sizing and define stop-loss levels to manage downside risk while assessing whether the breakout sustains across weekly timeframes.