Ethereum experienced a 10% price drop after reaching an all-time high above $4,900, but this hasn't deterred a bullish sentiment among traders. Market data indicates strong conviction that Ethereum will reach $5,000 within the next four months, with a current price around $4,500. The market sentiment is reflected in Ethereum’s average directional index (ADX) of 39, signaling a robust upward trend, and a relative strength index (RSI) of 58, which suggests potential for further gains without triggering significant selling pressure. Support and resistance levels are established, with immediate resistance at $4,800 and strong resistance between $5,000 and $5,200. The report cites historical trends indicating September is typically a weak month for crypto assets, raising concerns about potential dips. However, should Ethereum maintain support around $4,300 to $4,500, it is poised for gains going into October, a month that historically performs better for the crypto market. Technical analysis ultimately supports a bullish outlook despite short-term uncertainties.

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