Technical analysis by FxProGlobal about Symbol ETH: Buy recommendation (8/4/2025)

- Ethereum reversed from the key support level 3400.00 - Likely to rise to resistance level 3800.00 The Ethereum cryptocurrency recently reversed from the support zone between the key support level of 3400.00 (formerly a resistance level from January) and the upper trendline of the recently broken up channel from May. This support zone was further strengthened by the 38.2% Fibonacci correction of the previous sharp upward impulse from July. Given the clear daily uptrend, Ethereum cryptocurrency can be expected to rise to the next resistance level 3800.00.