Technical analysis by lixing_gan about Symbol ETH: Buy recommendation (5/22/2025)

Fundamental:Rising US Treasury yields and weaker-than-expected US Treasury auction results have underscored declining demand for US assets. This trend has contributed to a softer US dollar, which in turn is providing supportive momentum for ETHUSD. Additionally, evolving regulatory frameworks that are becoming more supportive of cryptocurrency are further bolstering investor confidence. These factors suggest a constructive environment for ETHUSD, with potential for continued upside as demand shifts from conventional assets toward digital alternatives.Technical:ETHUSD broke out of the descending channel and closed above the Ichimoku Cloud, reinforcing its bullish momentum. If the price holds above the support at 2500 and sustains its rally, it could rise toward the resistance at 3050. Conversely, a retracement and a close below 2500 may prompt a deeper retracement toward the support at 2080.By Li Xing Gan, Financial Markets Strategist Consultant to Exness