Technical analysis by SabahEquityResearch about Symbol ETH: Buy recommendation (8/7/2024)

Ethereum is setting up for a monumental breakout, and those still sleeping on it might wake up too late. With ETH 2.0 flashing a textbook WXYXZ correction—which historically has a 90% accuracy rate in predicting upside moves—we're looking at an explosive rally beyond $4,200 by year-end! But that's just the technical side of the story…Trump's Crypto Gambit: The $350M ETH PlayThe Trump family’s World Liberty Fund just made a massive $350M Ethereum acquisition, making it the largest institutional ETH buy in history. Why does this matter? Because Trump is no longer just a meme-coin catalyst—he's now one of the biggest Ethereum whales. His recent executive order designating ETH as one of the five official US crypto reserves is a game-changer, adding legitimacy and long-term demand.ETH ETFs: The Institutional Money Tsunami 🌊The Ethereum ETF is already approved, and this is just the beginning. If Bitcoin ETFs triggered a flood of institutional inflows, Ethereum is next in line for a massive institutional liquidity injection. With Wall Street giants accumulating ETH, the supply crunch will drive prices parabolic.Solana’s Demise = Ethereum’s GainLet’s be real—Solana's meme-coin mania is unsustainable. The network is plagued by centralization risks, constant outages, and rug-pull scams. As investors lose faith in Solana, they’ll shift back to Ethereum’s battle-tested ecosystem for launching serious projects.MACD Screaming "Buy Now!"The MACD indicator is flashing a major bullish reversal, signaling that seller exhaustion is at extreme levels. With selling pressure drying up, the only direction left for ETH is UP! 🚀The Path to $4,200+ 🚀With:✅ ETH 2.0’s corrective pattern ending (massive breakout incoming)✅ Trump-backed ETH adoption fueling demand✅ Ethereum ETF already approved, unlocking institutional money✅ Solana's inevitable collapse pushing liquidity to ETH✅ MACD confirming a bottom with barely any sellers leftAlways do your own DD I, can be wrong.ethbtc looks juicy as per ew 2.0 modelim in at $1981, the SL is at $1950. have a buy order above $2100 in case it hit my sl and went up.