Technical analysis by Maddox_Metrics about Symbol ETH on 8/30/2025

As I said in my last update it would be unusual to complete the Elliot wave motif wave without a poke above all time high first and we got that this week adding confluence to an expected retracement ahead in wave 2. Poke above all time high shows long term strength. Weekly RSI has bearish divergence from the wave 3 top in overbought territory. Initial target is the (4) bottom and weekly pivot point at $3200 followed by $2800 High Volume Node and then the weekly 200EMA, S1 pivot and High Volume Node support at $2250. I will look out for longs in these areas. Analysis is invalidated if proceed into price discovery. Safe trading