(CNN) —  

Hurricane Florence is still way out in the Atlantic, but the Category 3 storm could threaten the US East Coast by late next week.

The first major hurricane of the 2018 Atlantic season, Florence on Wednesday afternoon had maximum sustained winds of 125 mph, according to the National Hurricane Center. It was about 2,000 miles from the US coastline, still too far out for a confident landfall prediction.

Track the storm and compare different forecast models

Florence appears over the open Atlantic in an image from the International Space Station.
Florence appears over the open Atlantic in an image from the International Space Station.
PHOTO: Ricky Arnold/NASA

But increased wind shear over the open Atlantic – the storm is about 1,500 miles from the East Coast – weakened Florence to a tropical storm, with 65-mph winds as of 5 a.m. ET Saturday.

Wind shear will lessen over the weekend, and Florence should regain major hurricane intensity (Category 3 or greater) by early next week – as the storm moves northwest, getting closer to the US coastline by the day.

It’s too early to tell if the storm will make landfall somewhere on the East Coast, or if it will turn harmlessly back to sea.

Still, there are some troubling signs in the major computer models that meteorologists use to predict hurricane tracks a week or more in advance.

Still, the European and American computer models showed a menacing hurricane coming dangerously close late next week to North Carolina’s Outer Banks or the mid-Atlantic region, a significant shift westward from earlier model runs. Other predictions, though, showed Florence staying 500 miles offshore.

Florence should track south of Bermuda early next week but will be close enough to bring gusty winds and dangerous surf conditions. Large swells will also begin affecting the US Southeast coast, with larger waves and rough surf as early as this weekend, increasing through next week.

The hurricane season in the Atlantic will hit its peak Monday.
The hurricane season in the Atlantic will hit its peak Monday.

The storm’s track will depend on the development and movement of a number of weather systems as the storm gets steered by a large ridge of high pressure in the Eastern United States and northern Atlantic Ocean, as well as the progress of a low-pressure trough across the country.

As a precaution, North Carolina Gov. Roy Cooper issued a state of emergency Friday so that farmers could harvest and move crops more quickly, waiving certain transportation restrictions.

CNN meteorologist Judson Jones contributed to this report.