💎 ETH WEEKEND PLAN UPDATE (August 22 , 2025 )
ETH is in a medium-term uptrend, having just completed wave (5) according to Elliott Wave, and is now undergoing a slight correction.
The current price zone around 4,200 – 4,300 USD is a key area to watch:
• If it holds, ETH may rebound higher.
• If it breaks down, it could retreat to deeper support levels.
Key Levels
Near Resistance:
• 4,500 – 4,600 USD: Strong resistance zone, aligning with wave (5) and Fibonacci 1.618.
• If this level is broken, the next target is 6,000 USD (Fibo 2.618).
Near Support:
• 3,800 – 3,900 USD: Confluence with EMA34 and an intermediate support zone.
• 3,200 – 3,250 USD: Strong support, intersecting EMA200 and key Fibonacci cluster.
• 2,500 – 2,600 USD: Final support, a solid base before the last strong rally.
Trend Outlook
• Short-term: ETH may continue correcting towards support to accumulate before forming a new rally.
• Medium-term: The main trend remains bullish as long as ETH holds above 3,200 USD.
• Long-term: If ETH breaks above 4,600 USD, it is highly likely to target 6,000 USD.
👉 Summary:
ETH is in a consolidation phase after a strong rally. Investors should watch the 3,800 – 3,900 USD zone closely. If it holds, the chance of retesting 4,600 USD and potentially 6,000 USD remains strong.
ETH is in a medium-term uptrend, having just completed wave (5) according to Elliott Wave, and is now undergoing a slight correction.
The current price zone around 4,200 – 4,300 USD is a key area to watch:
• If it holds, ETH may rebound higher.
• If it breaks down, it could retreat to deeper support levels.
Key Levels
Near Resistance:
• 4,500 – 4,600 USD: Strong resistance zone, aligning with wave (5) and Fibonacci 1.618.
• If this level is broken, the next target is 6,000 USD (Fibo 2.618).
Near Support:
• 3,800 – 3,900 USD: Confluence with EMA34 and an intermediate support zone.
• 3,200 – 3,250 USD: Strong support, intersecting EMA200 and key Fibonacci cluster.
• 2,500 – 2,600 USD: Final support, a solid base before the last strong rally.
Trend Outlook
• Short-term: ETH may continue correcting towards support to accumulate before forming a new rally.
• Medium-term: The main trend remains bullish as long as ETH holds above 3,200 USD.
• Long-term: If ETH breaks above 4,600 USD, it is highly likely to target 6,000 USD.
👉 Summary:
ETH is in a consolidation phase after a strong rally. Investors should watch the 3,800 – 3,900 USD zone closely. If it holds, the chance of retesting 4,600 USD and potentially 6,000 USD remains strong.
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Disclaimer
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Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.