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

https://sahmeto.com/message/3231160
TradingMula
TradingMula
Rank: 242
3.1
Buy،Technical،TradingMula

Although the sentiment around Ethereum seems to be leaning bearish at the moment, a closer look at the technicals reveals an interesting pattern. There's a potential inverse head and shoulders forming and still in tact as mentioned in prior charts. This traditionally signals that a bullish reversal could be on the horizon. Keep an eye on price action in the coming days; we might see Ethereum start to trend upwards soonAccumulating time

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Profit Target:
$5,666.11
First Support:
$2,116.02
First Resistance:
$4,093.88
Price at Publish Time:
$2,735.06
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