Will EIP-1559 Thrust ETH Higher? (Weekly Forecast)

Ethereum rallied again this week, building off of last week’s explosive move up and forming another higher high on the weekly chart to print ETH’s highest price since mid-June. While it seems like the short-term downtrend from May is all but kaput, ETH will need to slice through resistance around $3K before we can start looking to new ATHs again.