Technical analysis by Sporia about Symbol ETH: Buy recommendation (3/12/2025)

I have come today with a new ETH perspective, one that I think is more accurate than my last ETH TA. Take a look here at how I got this one wrong, mainly because I was counting too much on this diagonal support to hold. Why didn’t it hold? Because there were too many traders looking at it, and when too many people are watching, the opposite happens, and it breaks. I would advise looking at this TA first before you carry on with this one because the two tie together neatly. My view is that from here, we will start a V-shaped recovery that will send ETH to $15,000–$18,000 by mid-October 2025. There is a very interesting fractal playing out that I discovered. So, my alarm went off with this "Wyckoff Spring" indicator. It has only fired off two other times in history: once at the bottom of the COVID crash and the other time at the December 2016 bottom when ETH was just $8. So, I thought, well, let’s take a look to see if the first cycle has anything interesting. As soon as I flipped to the daily chart, I immediately saw similarities. What if ETH is forming the fractal from the first cycle before the massive run-up? The timeframe and the drawdown percentages are nearly the same, the fractal is nearly identical, and the fact is, the Wyckoff Spring has fired off now, forming this fractal like in 2016. What are the chances…? When you overlay the fractal, it lines up with mid-October 2025.I have scanned the entire history of ETH, and I cannot find a fractal closer to this one. This could very well be the pico bottom for ETH this year.The V shape pattern will be epicThis is it ppl , the lower higher needs to hold here , which out then create bullish divergenceThis is it ppl , the lower higher needs to hold here , which would then create bullish divergence*Forming bottom as we speak aslong we hold and make a lower highRSI lower higher just like every other bottomFear signal flashes for the first time since cycle low in 2022 , meaning high chance of max pain.The evidence the the bottom is forming and in , is mountingAlot of fear , meanwhile ETH still forming bottomThis is only the third time in history the RSI has been this oversold , as expected the market is extremely fearful , we buy fear always , easyETH lowest ever reading on the monhtly RSI , wild wild stuffV Shape still in play overshot my low target slightlyThe V shape pattern will shock everyone :P:)tell me who is the wizard , we will be back at 4k sooner than you thinkETH about to send big time