Ethereum Roars Back: ETH/USD Defies Gravity with Explosive Rally from Critical Support

Ethereum just schooled the bears—again.

The second-largest cryptocurrency snapped back from a make-or-break support zone with enough force to leave chart watchers scrambling. This isn't just a dead-cat bounce; it's a full-blown resurgence that caught pessimists off guard.

Anatomy of a Reversal

Traders watched ETH/USD flirt with danger near a key technical level. Instead of cracking, it launched. The rebound wasn't timid—it was a violent repricing that flushed out weak hands and rewarded those who held their nerve.

Why This Move Matters

This isn't isolated action. It signals robust underlying demand where it counts most. The market's voting with its wallet, backing Ethereum's fundamentals when traditional finance remains obsessed with backward-looking metrics.

Where From Here?

Momentum breeds momentum. This bounce could be the catalyst for the next leg up—provided it holds above that crucial support. One thing's clear: betting against Ethereum at these levels has become a dangerous game.

Another day, another reminder that crypto moves faster than your average hedge fund's risk committee meeting.

Ethereum one-hour Elliott Wave chart From 8.19.2025

Here’s the 1-hour Elliott wave chart from the 8.19.2025 Asia update. In which, the cycle from the 8.03.2025 low ended in wave 1 at $4788.7 high. Down from there, the ETHUSD made a pullback in wave 2 to correct that cycle. The internals of that pullback unfolded as Elliott wave double three structure where wave ((w)) ended at $4370.9 low. Wave ((x)) bounce ended at $4578.1 high and wave ((y)) managed to reach the blue box area at $4156.2- $3895.3. From there, buyers were expected to appear looking for the next leg higher or for a 3 wave bounce minimum.

Ethereum latest one-hour Elliott Wave chart From 8.25.2025

This is the latest 1-hour Elliott wave Chart from the 8.25.2025 London update. In which the ETHUSD is showing a reaction higher taking place, right after ending the double correction within the blue box area. Allowed members to create a risk-free position shortly after taking the long position at the blue box area. Since then the pair has already made a new high above previous wave 1 confirming the next extension higher targeting $5501.5- $5840.7 area higher.