ETHUSD is currently positioned beneath the 1-week Pivot Point (PP) and is in the process of testing the weekly support level. This situation suggests a strong likelihood of a bullish trend continuation. Our primary focus lies on observing whether the 1-week PP effectively functions as support, serving as an initial signal for the continuation of the uptrend. It's crucial to take note of significant resistance levels at 3694.591 and 4047.403.