Technical analysis by CryptoObi about Symbol ETH: Buy recommendation (8/15/2025)

Ethereum hasn’t yet broken above its previous ATH. The colorful lines you see are mostly Fibonacci retracement & extension levels, tools traders use to identify potential support and resistance zones. •Support: a level where price might stop falling and bounce (e.g., $4,141, blue line). •Resistance: a level where price might struggle to go higher (e.g., $4,728 and $4,781, red lines). The RSI (Relative Strength Index) shows market momentum: •Above 70 = overbought (possible pullback). •Below 30 = oversold (possible bounce). Currently, RSI is at 25.82, indicating oversold conditions, which could lead to a bounce, though oversold doesn’t guarantee an immediate reversal.