Technical analysis by Sanhara about Symbol ETH: Buy recommendation (11/25/2024)

Ethereum is trading at $3,373, consolidating below the key resistance at$3,455. Recent price action has formed an inverse head and shoulders pattern, a classic bullishThe critical resistance level at $3,455 serv$3,600-$3,700.Support remains firm near $3,292, whic$3,292 could shift$3,162.Ethereum's current setup suggests a favorable outlook for bulls, provided it holds above the support levels and breaks through resistance. A confirmed breakout could ignite a fresh rally, making ETH one of the standout assets to watch in the coming sessions.