Technical analysis by jirapattinn about Symbol ETH: Buy recommendation (10/13/2025)

In my view, ETH has not yet completed its upside cycle, and the recent decline is simply part of wave (c) within wave (IV). I believe we are currently in wave (5), specifically within wave 3 of that structure. The reason is that if waves 1 and 3 were corrective ABC structures, then wave C should not exceed 138.2% of wave A, otherwise it would invalidate the b-failure flat pattern—and this limit has already been exceeded, confirming the impulsive nature of the current move. The Shark harmonic pattern indicates a potential target zone around $5,000–$5,100, which aligns with the requirement for a higher high to complete wave 5. Interestingly, this target also coincides with a Gann Fan resistance level, adding further confluence to this projection. The invalidation level for this bullish scenario is at $3,800. A break below this level would suggest that a full bear market structure has already begun.