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

Ethereum (ETHUSD) has shown a strong bullish reversal from the key demand zone around $1,600–$1,700, validating it as a solid base. The current weekly close above the 38.2% Fibonacci retracement level ($2,418) adds strength to the bullish momentum.📊 Fibonacci Levels to Watch:Support Zone: $1,600–$1,700 (Confirmed)Resistance/Targets:50% – $2,73861.8% – $3,05878.6% – $3,514100% – $4,994127.2% – $4,832 (intermediate resistance)Final Target: 161.8% – $5,770🔵 Based on this Fibonacci projection and price structure, I expect ETH to follow a stair-step rally pattern toward the $5,770 mark in the upcoming months — with potential pullbacks at $3,000 and $4,800 zones.📌 Bias: Strongly Bullish📅 Time Frame: WeeklyLet me know what your ETH targets are in this cycle! 💬