Technical analysis by cagdaswoo about Symbol ETH: Buy recommendation (1/23/2025)

ETH has been moving within the "Rising Channel" for almost 3 years and the trend is intact. When we look at the daily chart, there is also a "Reverse Head and Shoulders (#TOBO) Formation". If the formation works and breaks the resistance level of $4150, it is likely to reach the formation target of $7500 in just a few weeks. The daily support level is $3100 and in the event of a possible support break, it is not necessary to ignore the possibility that the price may fall back to the channel alt support area of ​​$2400 - $2800. IMPORTANT: Analyses are definitely not investment advice. I recommend that you definitely research the projects you will buy and act according to your own risk strategy. "It's your money, it's your decision"