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Technical analysis by Experts_Trading_Acadmey about Symbol ETH: Buy recommendation (2/3/2025)

https://sahmeto.com/message/3223349
Experts_Trading_Acadmey
Experts_Trading_Acadmey
Rank: 11587
1.5
Buy،Technical،Experts_Trading_Acadmey

Hello Guys Here Is My First Analysis For ETH/USD Must Support Me And And Share My Analysis With Your Friends Thanks Trade SafelyEthereum has experienced a sharp decline recently, hitting a key support zone near $2,563. This area aligns with historical price action, providing a potential buy opportunity. The market shows signs of stabilization, and we anticipate a potential bullish reversal.Key Levels:Support Zone: $2,563 - $2,295Buy Entry: Above $2,669 to confirm bullish momentum.First Target: $3,000 zone for partial profits.Resistance Zone: $3,302 - $3,351, where strong selling pressure might appear.Strategy:1. Buy Opportunity: Wait for confirmation above the buy entry level ($2,669) with increasing volume and bullish candlestick patterns.2. Stop Loss: Place a stop loss below $2,563 to minimize downside risk.3. Take Profit: Target the $3,000 level initially, with potential for further gains if resistance at $3,351 is broken.Fundamentals:cryptocurrency market that could impact Ethereum.Ethereum's recent price movement could be attributed to market-wide sentiment and updates in blockchain developments.Risk Management: Always use appropriate risk-to-reward ratios and avoid over-leveraging positions. NOTE: This analysis is for educational purposes and should not be considered financial advice.Place Buy Order From $2700 And $2600 For Long Buy Thanks

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Price at Publish Time:
$2,710.25
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