Technical analysis by ScalpTraderPro about Symbol ETH: Buy recommendation (5/21/2025)

🔍 Technical OverviewEthereum (ETH) is currently consolidating within a well-defined ascending triangle pattern, a structure often indicative of bullish continuation, especially in trending markets.This pattern emerges after a strong bullish impulse, suggesting that ETH is taking a "breather" before potentially continuing its upward momentum. The price action shows a series of higher lows, reflecting buyers stepping in at increasingly higher prices, while resistance near $2,739 remains firm.The triangle formation is tightening, and the market is approaching the apex, signaling an imminent breakout.🧱 Pattern Breakdown: Ascending TriangleSupport (Rising Trendline): Each dip is being bought up at higher levels, creating a strong diagonal support.Resistance (Flat Upper Boundary): The market has tested the $2,739 level multiple times without a breakout — this level now acts as a key pivot.Consolidation Phase: The decreasing volatility and contracting range point to accumulation before a directional move.📈 Breakout SetupMeasured Move Target:The height of the triangle (from lowest low near $1,751.45 to resistance at $2,739) gives an approximate measured breakout target.Target Price: $3,562.80This is calculated by projecting the height of the triangle from the breakout point.Entry Strategy:Enter after a confirmed breakout above $2,739 — ideally on a daily candle close or with volume confirmation.Conservative traders may wait for a pullback retest of the breakout level to confirm support before entering long.Stop Loss:Placed below the ascending support trendline and recent swing lows to avoid premature stop-outs.Suggested level: $2,319.95🛡 Risk ManagementThe setup offers a strong risk-to-reward ratio of approximately 1:3.Risk per trade should be kept between 1–2% of capital.Set alerts near the breakout level to track price reaction in real time.Monitor volume and momentum indicators (e.g., RSI, MACD) to confirm strength behind the move.💬 Market Sentiment & ContextOverall market sentiment for crypto remains cautiously bullish, with ETH showing resilience near key support levels.The triangle structure reflects market indecision — but leaning bullish due to the upward bias of the base.If the breakout fails, a breakdown below $2,319 could invalidate the setup, potentially opening the door for a retracement toward $2,000 or even the lower $1,800s.🔚 SummaryEthereum is showing a textbook bullish triangle formation, suggesting that a breakout may be on the horizon. Traders should prepare for a potential move toward $3,562, while keeping tight risk controls in place. If confirmed, this setup could offer a high-probability trading opportunity for both swing traders and position traders in the crypto space.✅ Key Levels to WatchLevelDescription$2,739Resistance / Breakout Zone$2,319.95Stop Loss / Invalidation$3,562.80Target / Measured Move$1,751.45Key Low (Pattern Base)