Technical analysis by MeTraderTr about Symbol ETH on 10/22/2025

Ethereum touched the major resistance area currently at $4080 for the third time but failed to break it again. This region has been rejected harshly in the past and has created a strong resistance structure. The OBO (Shoulders–Head–Shoulders) formation on the chart worked successfully and showed that the price reacted positively to the formation. This shows us that Ethereum technically responds to the formational structure and is looking for direction in the short term. - The price is currently receiving reaction from the $3809 Minor Support zone. A possible rise starting from here may encounter resistance again in the range of $ 3961–3996 (FIB 0.618). ✅ Positive scenario: If the price breaks this zone, it will retest the $4080 Major Resistance level. If this is the 4th attempt and the breakout occurs, a strong breakout wave may be triggered. ⚠️ Negative scenario: If the price sinks below the $3809 support, a pullback towards the $3694 (Liq Grab) level, where liquidity was previously taken, is expected. 📊 #MeTrader #ETHUSD #Ethereum #CryptoAnalysis #TechnicalAnalysis #SmartMoneyConcepts #PriceAction #OBOPattern #Resistance #Support #ReversalZone #Breakout #LiqGrab #MeTraderAnalysis #TradingView #TradeSetup #CryptoMarket #CryptoTrading #TraderMindset