Technical analysis by shakhitami about Symbol ETH: Buy recommendation (1/24/2025)
https://sahmeto.com/message/3195650
shakhitami
Rank: 6523
Analytical Power:
1.6

ETHUSDT - Long-Term Ethereum AnalysisOn the weekly timeframe, Ethereum’s price is forming a symmetrical triangle pattern, approaching its apex, which increases the probability of a breakout.•Key resistances: 4,188.68 and 8,011.58•Key supports: 2,568.76Based on the pattern:1.If it breaks upward, the price could potentially reach higher levels, such as $8,000.2.If it breaks downward, a correction towards the $2,568 support level might occur.The overall trend indicates that Ethereum has significant long-term growth potential, especially if it holds above critical support levels.Let me know if you need further edits!
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Signal Type: Buy
Time Frame:
1 weekProfit Target:
$8,011.58Stop Loss Price
$2,568.76First Support:
$2,568.76First Resistance:
$4,188.68Price at Publish Time:
$3,398.54