Technical analysis by basictradingtv about Symbol ETH: Buy recommendation (5/9/2025)

Ethereum - ETHUSD - is starting the rally:(click chart above to see the in depth analysis👆🏻)Finally, after dropping an expected -65% over the past couple of months, Ethereum is retesting and already rejecting a significant horizontal structure. Together with the strong confluence of support, Ethereum is now creating a long term bottom, initiating the next bullish cycle.Levels to watch: $2.000, $4.000Keep your long term vision!Philip (BasicTrading)Ethereum - ETHUSD - is nicely respecting structure:(click chart above to see the in depth analysis👆🏻)After Ethereum recently perfectly rejected the major horizontal reversal level, it is now retesting a minor resistance area. If the bullish momentum continues, it is quite likely that this structure will be broken and Ethereum will then target new all time highs.Levels to watch: $4.000Keep your long term vision!Philip (BasicTrading)Ethereum - ETHUSD - is about to break resistance:(click chart above to see the in depth analysis👆🏻)With a rally of +50% so far in May, bulls are clearly in control of Ethereum. However, looking at technicals, Ethereum was simply retesting a major confluence of support and therefore started the reversal. The overall uptrend still remains totally valid.Levels to watch: $4.000Keep your long term vision!Philip (BasicTrading)