Technical analysis by Patrick2707 about Symbol ETH on 5/12/2025

Let's have a look at how ETH is currently trading. From a monthly (1 month) perspective we have deviated the sellside and have started to regain 2.5K. IF we hold 2550 expect us to push back up towards the buyside liquidity sitting around 3.4K and 4K as second target IF the market holds. IF we get a clean break below 2.2K expect us to retrace towards 1.8K. BE PATIENT...WAIT FOR THE MARKET...TRADE WITH IT. As always in crypto...keep an eye on BTC who will be the main indicator. For those who have been trading ETH for more than 5 years you'll fully understand the importance of 2.5K. For the rest...TRUST YOUR SYSTEM and WAIT FOR THE MARKET TO SHOW YOU ITS HAND. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.