Technical analysis by Elimzo about Symbol ETH: Buy recommendation (9/2/2025)

We can see a bullish wedge on 4 hour timeframe, in addition ETH price formed three low lows while RSI index is growing which a clear sign of a bullish divergence. Additionally, ETH bounced up from a strong support level EMA-200 on 4 hour timeframe, it indicates that bulls managed to defend this level. Therefore we can expect the growth on the chart. I applied Fibonacci Retracement from the highest to lowest price and key levels for take profits will be on 0,5 level of fibonacci, then 0,61, and the last one is 0,786. I will try to hold a trade till 0,61 level, but depending on trading approach you can close it earlier, at least on 0,5 level of fibonacci. Good luck with your trades, pals!