Technical analysis by petermichalides about Symbol ETH: Buy recommendation (8/19/2025)

Ethereum has demonstrated a strong bullish trend in August, with prices approaching key resistance levels. Analysts suggest that a sustained break above $4,800 could propel ETH toward $5,500–$6,000 by the end of the month. Institutional interest remains robust, with significant inflows into Ethereum-based ETFs and increased holdings by digital asset treasury firms like Bitmine Immersion Technologies and Sharplink Gaming. * Resistance Levels: $4,800, $5,000, $5,500 * Support Levels: $4,000, $3,800 * Key Indicators: Strong Relative Strength Index (RSI) and bullish Moving Average Convergence Divergence (MACD) suggest continued upward momentum. Ethereum is poised for a potential breakout. A decisive move above $4,800, supported by strong trading volumes, could initiate a rally toward $5,500–$6,000. Conversely, a drop below $4,000 might lead to a retest of the $3,800 support zone.