Weekly plan for Ethereum

Wait 5 sec.

Weekly plan for EthereumEthereum / TetherUSBINANCE:ETHUSDTtrading_muraLast week, ETH followed our green scenario, breaking through resistance to reach $3,860. Currently, a critical level at $4,116 (higher timeframe) will determine the next major move. Key Scenarios If $4,116 holds as resistance: Expect a Wave E correction within the long-term ABCDE triangle pattern. Initial downside target: $3,500 Breakdown below $3,500 opens the door to $3,100–$2,900 If $4,116 breaks: The ABCDE triangle scenario is invalidated Next major resistance levels open for a potential continuation rally Current Market Structure Price remains above the weekly pivot point However, early signs suggest a correction may have begun Confirmation of a deeper pullback requires a close below $3,500 As always, manage risk according to key level breaks