Technical analysis by f-73 about Symbol ETH: Buy recommendation (11/7/2024)

Pretty nice weekly setup on Ethereum.* Price above MA20/W* RSI / Stoch RSI on the rise.* MACD about to crossoverA weekly close on volume above Par SAR (about 2882$ currently, falling) would signal inversion and prefigure a quick move towards 3300-3400$ area, edge of upper Bollinger band.In case such scenario happens, let's have a look at monthly picture.As you may notice, price is currently consolidating at support. A move up on W assisted by volume would likely ignite a stronger move toward 3800-4000$ area within few months. Meaning a (conservative) 30% upside.Watch it closely.For sake of completeness: (short term) invalidation in case of rejection and weekly close below MA20/W (about 2736$)This was meant to be a note, sorry. Actuale entry signal would be a close above 2880$ (and inherently Par SAR inversion), as I wrote above.Par SAR inversion achieved already. Watch weekly close.First target reached already.