Technical analysis by mukit1 about Symbol ETH: Buy recommendation (11/18/2025)

ETH is at a make or break area at the moment. $2870-$2950 is a super major support zone for ETH. If price wants to go down a bit more, then the 0.5 fib level at $2730-$2630 would be another very strong support. The last bit of support would be the golden zone area between $2270 - $2180. Elliott wave perspective, ETH might have come to a spot where no one would complain if it turned around from here. RSI is showing bullish divergence. We can make a case for a full 5 waves for C. If market has other ideas, then this could be a larger wave 3 for a nested 1/2, 1/2. If that is the case, then price might head down to the lower levels mentioned above. But, for now, it does seem like capitulation has taken place, and the sell pressure has peaked. Until price is above at least $4285, it can still be a larger AB with another leg down for C. Ideally, we would want to see another ATH with a complete 5 waves sequence up before we know for sure. My plan is to start nibbling ASAP to add back to my bag with a stop loss. When the sentiment is this bearish, it has always worked out, at least in the short term. If the minor Wave 2 is indeed over, then we should start prepping for massive fireworks. On macro cycle minor wave 3s are the strongest. We'll see how things go, but I am hopeful; until market decides to throw dirt in my eyes!