Accumulate for uptrend ! ETH September 01

💎 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.