Technical analysis by taniking about Symbol ETH: Buy recommendation (2/5/2025)

The 4-hour chart is currently providing a bullish entry signal. The green markers indicate buy signals, while the yellow markers represent impulsive movements.We are at the beginning of an upward impulse, positioned below the 20-period EMA. Additionally, there is an unfilled price gap up to 3307, which could act as a magnet for price action.The bullish target is set at 3380, aligning with the descending trendline, marked in red, which serves as a key resistance level to watch.The script automatically sets a stop-loss level at 2667, helping to manage risk effectively.You can follow our trading signals on our YouTube channel, where we provide daily market updates to help you stay informed and maximize your trading opportunities.