Technical analysis by Algo_Trading_Mql5 about Symbol ETH: Buy recommendation (5/12/2025)

Im considering buying Ethereum (ETH) at the current price of *$2,572* and setting two target points for taking profit: - *First Target: $2,670* (~3.7% gain) - *Second Target: $2,740* (~6.4% gain) ### Key Considerations Before Buying: 1. *Market Conditions* – Check if Ethereum is in an uptrend, consolidating, or facing resistance. 2. *Support Levels* – Ensure there’s strong support near $2,575 to minimize downside risk. 3. *Stop-Loss (SL)* – Always set a stop-loss (e.g., below $2,500 or a key support level). 4. *News & Events* – Upcoming Ethereum upgrades, Bitcoin movements, or macroeconomic factors could impact price. ### Trade Plan Summary: - *Entry:* ~$2,572 - *Target 1:* $2,670 (Take partial profits) - *Target 2:* $2,740 (Exit remaining position) - *Stop-Loss:* Below $2,500 (adjust based on risk tolerance) Would you like help analyzing charts or setting a stop-loss strategy? 🚀trade active