Technical analysis by Hamza_hetic about Symbol ETH on 8/28/2025
Ethereum (ETHUSD) is trading within a well-defined structure, respecting both support and resistance zones. The chart highlights a classic range-bound setup, where price is reacting to supply and demand levels. Support Zone: The lower band is acting as a strong demand area, where buyers have historically stepped in. A clean retest and hold above this level could provide momentum for an upward move. Resistance Zone: Price has reacted multiple times from the upper band, confirming it as a strong supply area. A decisive breakout above this zone would open the door for higher targets. Trend Line Support: The diagonal structure is guiding short-term bullish momentum, showing where price is bouncing within the channel. Key Outlook: A break below support would shift the bias bearish toward deeper liquidity zones. A breakout above resistance would confirm bullish continuation, with the next liquidity sweep toward the marked target. Until then, ETH remains range-bound, with intraday trades respecting support-to-resistance plays.1. Price Consolidation (Squeeze) ETH was moving between the Resistance zone (upper shaded box) and the Support zone (lower shaded box). The chart shows multiple rejections from resistance (circled in red), meaning sellers were stronger at those levels. 2. Break of Trendline Support There was an upward trendline support holding price. Once ETH broke below this trendline support, it signaled weakening buyer strength. That was the trigger for sellers to step in more aggressively. 3. Break of Horizontal Support Zone After losing the trendline, ETH fell through the Support zone (the shaded gray band). When support breaks, it often flips into resistance — giving sellers confidence. 4. Liquidity Grab / Sell-Side Target The chart marks a Target zone below support. This was likely an area where liquidity rested (stop losses of longs + pending sell orders). Once price pushed below support, momentum accelerated into that zone, hitting the sell-side target.
