Technical analysis by GKTrademanthan about Symbol ETH: Buy recommendation (8/20/2025)

Ethereum Elliott Wave Projection – Targeting $6,800+ Pattern: Ethereum (ETH/USD) is following a clear Elliott Wave structure after breaking out of a long consolidation wedge. Wave Count: Current move is identified as Wave (3), with sub-waves (i)–(v) unfolding. A short-term correction (Wave (4)) is expected before the final rally toward Wave (5). Key Levels: Immediate Resistance / Target (Wave 3): ~$5,763 Major Target (Wave 5): ~$6,827 Current Price: ~$4,101 Outlook: The chart suggests ETH is in a bullish continuation phase, with potential for ~65% upside from current levels once the corrective dip is completed. 📌 Conclusion: Ethereum is progressing through a strong Elliott Wave cycle, with the next major resistance around $5,763 and a longer-term bullish target near $6,827.