Technical analysis by basictradingtv about Symbol ETH: Buy recommendation (5/16/2025)

Ethereum - ETHUSD - is clearly shifting bullish:(click chart above to see the in depth analysis👆🏻)After four years of trading, Ethereum is now sitting at the exact same level compared to mid 2021. However, Ethereum has been creating a significant triangle pattern and with the recent bullish price action, a breakout becomes more and more likely. Then, the sky is the limit.Levels to watch: $4.000Keep your long term vision!Philip (BasicTrading)Ethereum - ETHUSD - is about to break resistance:(click chart above to see the in depth analysis👆🏻)Bulls are really starting to take over Ethereum. And it is no surprise at all that over the past couple of days, Ethereum rallied an incredible +50%, perfectly rejecting previous major structure. But now, Ethereum has to break above the current resistance area.Levels to watch: $4.000Keep your long term vision!Philip (BasicTrading)Ethereum - ETHUSD - will hopefully break higher now:(click chart above to see the in depth analysis👆🏻)Ethereum closed the month of May with an incredibly strong candle. However, this candle still closed below a key horizontal resistance. Therefore Ethereum now has to break above this inflection structure, in order to head for new all time highs again.Levels to watch: $2.500, $4.000Keep your long term vision!Philip (BasicTrading)