Technical analysis by OceanStaker about Symbol ETH: Buy recommendation (1/11/2025)

As you can see on the Ethereum chart, the PO3 (Power of Three) formation has emerged, and this pattern has formed on top of the larger PO3 that began in 2021. After retesting the larger PO3, it has created a smaller PO3 within a 1-year timeframe. Now, after breaking the accumulation zone of the formation with significant volume, it is returning for a retest. For this formation to complete, a retest of the accumulation zone is required, which corresponds to the $2,800 price level.As we mentioned in our previous posts, this zone also aligns with the total market cap levels. This suggests that a rally might potentially begin following this retest.