Technical analysis by lixing_gan about Symbol ETH: Sell recommendation (8/22/2025)

Ether has come under selling pressure in recent days as institutional investors and whales took profits, with on-chain data showing large transfers of 44,431 ETH (~208 mln USD) to Coinbase Institutional and 6,918 ETH (~32.5 mln USD) to Binance earlier in the week. This coincided with the second-largest daily outflow from spot Ether ETFs on Aug 19, totaling 197 mln USD, mainly from BlackRock and Fidelity funds, bringing two-day redemptions to 256 mln USD and halting a multi-day inflow streak. Despite the outflows, ETHUSD remains in an overall uptrend, forming higher swings within its ascending channel. The price is now testing key support at 4100 near the EMA21, where a rebound could fuel a continuation higher toward the channel’s upper bound and the 100% Fibonacci Extension at 5200. However, a break below 4100 would risk a deeper pullback toward the lower bound of the channel and stronger support at 3400. By Li Xing Gan, Financial Markets Strategist Consultant to Exness