Technical analysis by EmmaChartist about Symbol ETH: Buy recommendation (10/23/2025)

Hello everyone, looking at the current price structure of ETH/USD, I believe the market is in a technical accumulation phase following a sharp decline, rather than showing clear reversal signals. ETH is hovering around $3,825 after a small rebound from $3,780. This is a short-term support zone, but buyers remain weak as the price is still below the Ichimoku cloud on the 4H chart – confirming that the primary trend remains bearish. The Fair Value Gap areas at $3,900–$4,100 act as dynamic resistance, and any rebound toward these levels is likely to face selling pressure. Meanwhile, macro news continues to weigh on crypto, with the USD strengthening after strong PMI data and markets awaiting the GDP – PCE report at the end of the week for clues on the Fed’s next move. When liquidity is cautious, ETH struggles to gain momentum. Given the current picture, I lean toward a scenario where ETH tests the $3,750–$3,780 support zone, potentially sweeping liquidity down to $3,700 before bouncing back toward $3,950–$4,050. However, if $3,700 is broken with high volume, the $3,500 area becomes the next target for sellers. Do you think ETH will hold $3,780, or continue to drop deeper? Share your thoughts in the comments below.