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

As mentioned in my previous two analyses, Ethereum rejected the $4,740 high and dropped to the $4,050 support zone, where it bounced exactly as projected. From an Elliott Wave perspective, ETH has already completed a 5-wave impulsive structure and is now inside a corrective ABC phase. At the moment, price action is developing within wave B. Historically, wave B has the tendency to break above the top of wave ⑤, creating a bull trap and sweeping liquidity before the real wave C sell-off begins. 📉 What does this mean for traders? Wave C is usually sharp, aggressive, and offers great risk-to-reward opportunities on the short side. But instead of rushing into shorts, the smart play is to wait for confirmation. 🎯 Trading Strategy: 1.Allow wave B to complete – watch for a liquidity grab above the $4,840–$4,800 zone. 2.Look for a CHoCH (Change of Character) / market structure break on lower timeframes (4H / 1H) as your entry trigger. 3.Enter short after confirmation, targeting the $4,100 → $3,800 zones first, with potential extension lower depending on momentum of wave C. 4.Place invalidation above the recent swing high to keep risk controlled. ⚡ This is a high-probability short setup forming, but patience and timing are crucial — don’t get trapped in wave B’s fake breakout. 👉 Follow for updates as we track the confirmation of wave C and refine the short targets!