Technical analysis by Maddox_Metrics about Symbol ETH on 8/9/2025

ETH wave 3 is still underway and its the only news you've been hearing about for 2 weeks! The hype is real making the potential top of this move much closer as institutions will be selling into the FOMO soon. There is no better way to trap newbies than a poke above all time high before a savage retracement! Retracement targets are the daily pivot and rising 200EMA at $3337 the .382 Fibonacci retracement from the wave 2 bottom, just above the weekly pivot point. Daily RSI has huge bearish divergence. Secondary retracement targets are the weekly 200EMA and S1 weekly pivot sitting at $2250 which could present an incredible buying opportunity before the real alt season! Analysis is invalidated below $2122 New long signals are building in the DEMA PBR and Price Action strategies so keep an eye out on the Trade Signals Substack as we have made very good profits lately in these markets! Safe trading