Technical analysis by efafinans about Symbol ETH: Buy recommendation (9/7/2024)

I had stated that I would continue to look positively for Ethereum as long as there is no daily close below $2159, yesterday it dropped the needle to $2150. It is currently trading at $2285. The $2350 and $2488 levels are important in LTF. If it stays above these levels, the long idea will be dominant. My main focus is the purple area representing the $2704-$2790 band. I think that if it breaks this area with volume and closes above it, it will start a new uptrend. In this case, $3560 and the ATH level of $4880 can be targeted. On the downside, the red area representing the $2136-$2000 band is currently an important support area. If it closes below this level, a negative outlook will occur. It will be healthier if it drops the needle to the trend support that has been going on since 2022 and rises. In short, I look positively at ETH for the medium/long term. I can say that I expect a new ATH in the coming periods. I took my positions for this purpose. I am thinking of buying a little more from these areas. The levels I expect for the medium/long term are $5250, $8400 and $11,400 respectively. Current Price: $2285Potential: 130%-400%-Artifact