Technical analysis by GKTrademanthan about Symbol ETH: Buy recommendation (10/20/2025)

The chart displays Ethereum (ETH/USD) on a 30-minute timeframe, with a technical analysis predicting a potential upward movement using labeled wave structures (A to G). Here's a summary: Key Elements: Channel Analysis: Price is moving within an upward channel bounded by two black trendlines. Breakout Zone: The previous downtrend (marked by a diagonal black resistance) was broken near point A, initiating a potential bullish reversal. Wave Structure: A → B → C → D: Price formed higher lows and higher highs within the channel. Predicted Move: The chart projects a bullish continuation from point D to: E (around $4,108) A minor pullback to F ($4,003) Then a final push to G (around $4,280) Support & Resistance Levels: Support Zones: Around $3,800 (highlighted grey box) and $4,003 (F wave). Resistance Zones: $4,108 (E wave) and $4,280 (G wave). Conclusion: The chart suggests a bullish wave pattern is forming, with potential short-term pullbacks before pushing toward higher resistance levels. The trader anticipates ETH to follow a wave-like climb within the rising channel.