Technical analysis by privatedvlper about Symbol ETH: Buy recommendation (5/7/2025)

Although the medium long term price target range for ETHUSD is the 900 price zone area, which is the previous lows on JUNE 2022, the short term consolidation price target remains the SEPTEMBER 2024 support at 2145,which should provide a strong platform for resistance for further advance in the short term. This should also coincide with BTCUSD retesting the previous All time highs @ 109k.ETHUSD has risen stronly to the short term price target with is previous support/ resistance as showed in the chart. As BTCUSD retraces to its all time high at the 109,000 price zone, ETHUSD will likely be retesting this current zone before one leg lower to the 900 price zone.