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

#ETH is back inside the legendary 1,883-day trendline, a massive bullish signal for altcoins.Meanwhile, BTC Dominance is getting rejected from the top, adding fuel to the altcoin momentum.But there's one key confirmation still needed before we talk about new ATHs for ETH, BTC, and the broader altcoin market:The 200-Week EMA.Currently sitting around $2,237, this level needs to be claimed with a strong weekly close. ETH is trading above it right now, but the next 2 days and 4 hours are crucial.A confirmed breakout here would signal a major shift in ETH's 200-week momentum a structural change that could trigger the next big leg up.I believe it’s only a matter of time before ETH closes above this level. Once that happens, the next target for ETH would be $2980, $3488 and $4000!What do you think?Drop your thoughts in the comments and hit the like button if you found this valuable.#PEACE ✌️