💎 ETH WEEKLY PLAN UPDATE (09/01 )
Medium-term ETH Plan & Trend Outlook
ETH has completed the test of the resistance zone at 4,800 (4k8 resistance DONE) and is currently in a corrective move.
The price is still holding above the 4,200 – 4,215 support zone, which coincides with EMA89, showing that this is an important medium-term demand area.
As long as ETH stays above 4,200, the main trend remains bullish, with the next target aiming toward 6,000 (Fib 2.618 resistance + strong supply zone).
Key Support Zones:
• 4,200 – 4,215 → short-term demand, main support pillar.
• 3,600 – 3,620 → medium-term support (EMA200 + previous breakout).
• 3,200 – 3,216 → deeper support if 4,200 breaks.
• 2,500 – 2,520 → long-term support, major base zone.
Key Resistance Zones:
• 4,800 – 4,825 → short-term resistance, recently tested.
• 6,000 – 6,050 → medium-term bullish target, strong supply zone.
Trend Outlook:
ETH is currently undergoing a healthy correction after a 5-wave rally.
• The positive scenario: price holds above 4,200, then rebounds to retest 4,800, and if it breaks, the uptrend could extend to 6,000.
• The negative scenario: if 4,200 breaks, the market could retrace to deeper support levels at 3,600 or 3,200 before forming the next bullish wave.
Medium-term ETH Plan & Trend Outlook
ETH has completed the test of the resistance zone at 4,800 (4k8 resistance DONE) and is currently in a corrective move.
The price is still holding above the 4,200 – 4,215 support zone, which coincides with EMA89, showing that this is an important medium-term demand area.
As long as ETH stays above 4,200, the main trend remains bullish, with the next target aiming toward 6,000 (Fib 2.618 resistance + strong supply zone).
Key Support Zones:
• 4,200 – 4,215 → short-term demand, main support pillar.
• 3,600 – 3,620 → medium-term support (EMA200 + previous breakout).
• 3,200 – 3,216 → deeper support if 4,200 breaks.
• 2,500 – 2,520 → long-term support, major base zone.
Key Resistance Zones:
• 4,800 – 4,825 → short-term resistance, recently tested.
• 6,000 – 6,050 → medium-term bullish target, strong supply zone.
Trend Outlook:
ETH is currently undergoing a healthy correction after a 5-wave rally.
• The positive scenario: price holds above 4,200, then rebounds to retest 4,800, and if it breaks, the uptrend could extend to 6,000.
• The negative scenario: if 4,200 breaks, the market could retrace to deeper support levels at 3,600 or 3,200 before forming the next bullish wave.
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Related publications
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.
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
Related publications
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.