Technical analysis by lixing_gan about Symbol ETH: Buy recommendation (9/12/2025)

Fundamental Institutional demand for ether is expanding, with over more than 130 mln USD of inflows across ether ETFs seen yesterday, and more than 90 bln USD locked in DeFi protocols, including staking solutions. Meanwhile, anticipated Fed cuts and easing inflation expectations support a broadly bullish sentiment. Network upgrades such as the Pectra upgrade have improved scalability and staking efficiency, and Layer 2 adoption now exceeds 19 bln USD, helping to lower fees and boost throughput. On-chain metrics show daily transaction volume near 1.8 mln, active addresses at four-year highs, and declining exchange reserves, signaling reduced sell pressure and robust, long-term holder commitment. Near-term volatility remains possible, with periodic dips in fee revenue and ongoing macro uncertainty, but underlying fundamentals favor further upside. Technical ETHUSD retreated from recent highs, but the uptrend persists, with higher swings and a bullish Ichimoku Cloud formed within the ascending channel. If ETHUSD rebounds from support at 4100, the price could resume its uptrend and approach the channel's upper bound and 100% Fibonacci Extension at 5200, upon breaking 4800. Conversely, a break below support at 4100 may prompt a deeper retracement toward the following support at 3400. By Li Xing Gan, Financial Markets Strategist Consultant to Exness