Technical analysis by FX-Diaries about Symbol ETH: Buy recommendation (2/5/2025)

Ok Ethereum fell out of the wedge and went down heavy. Didn't expected that got liquidated heavy. But in hindsight was expecting something but you never know when and how. Now making a new technical analysis, I see ETH doing this:I zoomed out on the weekly TF on the logaritmic chart,and there you can clearly see a new bigger wedge.- There is a tripple top with higher highs- The last pinbar pierced slightly out of the wedge and liquidated allooot of people. I can see ETH can test the trendline and fall slightly out maybe 2K max. But technically ETH has to breakout to the upside now,In a couple of weeks ETH is heavy up. I think people wait for the FED decision in march for QE. But I ladder in already in the chart already tells you actually ETH is going up.