Technical analysis by CryptoPilot about Symbol ETH: Sell recommendation (8/23/2025)

As mentioned in my previous Ethereum analysis, ETH has completed its 5-wave impulsive rally and is currently inside wave B of a corrective ABC structure. Wave B often breaks above the wave ⑤ top to trap liquidity before a sharp wave C sell-off. 📊 Latest Price Action (30m TF): •ETH has already shown a CHoCH by breaking the first key support at $4,753 and retesting it. •The next crucial support lies at $4,613. If this level also breaks, it would confirm a BOS (Break of Structure) and strengthen the bearish case. 🔀 Two Possible Scenarios from Here: 1.Price retests the broken $4,753 level as resistance → then resumes the downtrend. 2.A deeper pullback toward $4,845 (acting as a left shoulder liquidity zone) → before the real wave C decline begins. 🎯 Trading Strategy: •Wait for confirmation of BOS at $4,613. •Once confirmed, look for bearish entry triggers (CHoCH / MSB) on lower timeframes. •First targets: $4,100 → $3,800. •Stop-loss invalidation above the swing high at $4,845 to maintain strict risk control. ⚠️ Remember: patience is key. Don’t get trapped in wave B’s fake breakouts — let the structure confirm wave C. 👉 Like & Follow to stay updated as we track ETH’s potential wave C move step by step!