Technical analysis by QuantumFusionWave about Symbol ETH: Buy recommendation (2/23/2025)

Ethereum (ETH): Gaining Strength as BTC Flows ShiftEthereum is entering a key momentum shift, signaling the beginning of a bullish cycle as it starts absorbing liquidity from Bitcoin. Over the past seven days, BTC has seen a -1% decline, while ETH has gained +3.8%, indicating a potential rotation of capital into ETH.This shift marks the start of Ethereum's next breakout phase, as it prepares to challenge the critical $4,400 resistance from May 2021. Successfully breaking this level could pave the way for a new all-time high, with a long-term target of $6,600 by the end of 2025.Key Levels to WatchShort-Term Target: $4,400 – Breaking this level confirms Ethereum’s strength.Mid-Term Resistance: $5,200–$5,500 – A breakout above this range would accelerate the bullish scenario.Long-Term Target: $6,600 by late 2025, fueled by capital inflows and increasing ETH dominance.Conclusion: ETH Entering a Bullish PhaseEthereum is showing early signs of strength, with capital rotation from BTC supporting a potential major breakout. The next critical step is breaking $4,400, which could open the path toward a new all-time high and a long-term bull run toward $6,600. The market is now shifting, and ETH is positioning itself as a dominant player in the next phase of the bull market.