Technical analysis by GKTrademanthan about Symbol ETH: Buy recommendation (10/17/2025)

🔍 Analysis Summary: Current Price: ~$3,824 Pattern: Complex Elliott Wave correction (W-X-Y-X-Z) has likely completed. Key Observation: A potential bear trap just occurred (false breakdown), signaling a reversal. Wave Count: The chart suggests that Wave 2 has completed, and Wave 3 up is starting. ✅ Trading Plan: Buy Above: $3,925 Stop Loss: $3,378 Target 1: $5,230 Target 2: $6,306 🧠 Insights: Buying Zone was identified in the earlier phase near April. Bear Traps are used to suggest failed breakdowns, which trap sellers and fuel upside moves. Expected Move: Strong impulsive rally if price breaks above the resistance zone.