Technical analysis by CryptoAle992 about Symbol ETH: Buy recommendation (5/6/2025)

Key SignalsTrend: Downtrend (4H chart) showing potential reversal signs.RSI: 29 (Oversold) → Higher rebound probability.MACD: Bullish crossover forming near zero line.Critical Level: Resistance breakout at $1,781.77.Action Plan✅ Entry: $1,780.00✋ Stop-Loss: $1,765.00 (0.8% risk)🎯 Take-Profit:TP1: $1,800.00 (1.1% gain)TP2: $1,820.00 (2.2% gain)Why Now?Oversold Bounce: RSI divergence suggests selling exhaustion.Volume Spike: 18% increase in buy orders at $1,775 support.Macro Context: ETH futures open interest rising ahead of ETF decision.Risk Warning⚠️ Upcoming US CPI data (May 8) may increase volatility. Hedge with 2% portfolio max exposure.Tools Used: TradingView (Bitget data) + AI pattern detection.