Technical analysis by PIPsOptimizer about Symbol ETH: Buy recommendation (3/26/2025)

Market Structure & Analysis:Falling Wedge Breakout: Ethereum previously broke out of a falling wedge pattern, which is a bullish reversal signal.Ascending Triangle Formation: Price is currently forming an ascending triangle, indicating potential for a breakout.Support Levels:$2,021 – Local support.$1,926 - $1,873 – Strong demand zone.Resistance Levels:$2,120 - $2,251 – First resistance zone.$2,531 - $2,564 – Final bullish target zone.Trading Plan:Buy Setup:Enter long on breakout above $2,120 with strong momentum.Stop Loss: Below $2,021 (support level).Take Profit Targets:TP1: $2,251 (first resistance).TP2: $2,531 (main target).TP3: $2,564 (extended bullish target).Risk Factors:A failure to break $2,120 could result in a pullback to $1,926.Macroeconomic factors or Bitcoin’s movement may impact Ethereum’s trend.