Technical analysis by waqarxbt about Symbol ETH: Buy recommendation (8/22/2025)

ETH maintains the key support at $3,800—which appears to be a critical Fibonacci and horizontal level—we could indeed see a bullish move toward $5,000, representing about a 16% gain from current levels. This target makes sense technically, as it would test the prior all-time high area and potentially break the descending trendline visible on the chart. For those who are long-term investors (not short-term traders), you can consider buying ETH in parts from the current price (~$4,300 range) down to $3,850 to average in on any dips, while setting a stop loss at $3,800 to protect against a breakdown. This strategy allows for dollar-cost averaging into strength if the uptrend resumes or weakness if it tests support, but always manage position sizes based on your risk tolerance.