Technical analysis by TraderX10101 about Symbol ETH: Buy recommendation (8/7/2024)

#ETH corrected similarly to #BTC after ETF approvals. It absorbed all the liquidity from the 2024 consolidation and is now attempting a climb.We might see a price increase to liquidate shorts, but a retest of the 2288 zone is also possible.In the event of a new low, DCA zones are crucial, and it's essential for the price not to open a daily candle below 1800.For sell zones, we first need to see support at the 3200-3300 range; only then can we discuss a new ATH.