Technical analysis by Johnson67 about Symbol ETH: Buy recommendation (5/10/2025)

Current Price: Around $2,412.63, with a +2.88% gain showing upward momentum.Trend Structure:Ethereum is moving within a rising parallel channel (light blue).Inside the channel, there are zig-zag price movements, indicating a bullish market structure with higher highs and higher lows.A strong breakout recently occurred from the lower part of the channel, pushing price sharply upward.Trade Setup:Buy zone is drawn inside the ascending channel.Stop loss: Around $2,261.90, just below the lower boundary of the channel.Target zone: Around $2,600, shown in green above the current price.A pullback is anticipated before continuing upward, as shown by the arrow retracing and then moving toward the target.Technical Notes:The left side shows past consolidation and a breakout failure in late March, followed by a descending wedge into mid-April.Since late April, ETH has entered a strong bullish rally, breaking above previous resistance.250pips guys bulll are gone made