Technical analysis by Mohammad_Mirdehghan about Symbol ETH: Buy recommendation (5/26/2025)

Ethereum is maintaining a strong bullish structure within a clearly defined ascending channel. Recent price action shows a successful retest of the lower channel boundary and the horizontal support zone around 2477 – 2450. 🔹 Support & Trendline Confluence: The support zone at 2477–2450 is aligned with the lower boundary of the rising channel. Multiple successful retests of this trendline indicate strong demand in this area. 🔹 Bullish Scenario: As long as the 2477–2450 support zone holds, ETH/USD has a good chance to resume its upward move. The next target for bulls is the 161.8% Fibonacci extension level at 2997.24, which coincides with the upper channel boundary. 📌 Plan: Long positions are favored as long as price holds above 2450. Targeting 2997, with intermediate steps of confirming higher lows. 📉 Invalidation: A break and daily close below 2450 would invalidate this bullish scenario and suggest further downside. This is a classic “buy-the-dip” scenario within an established uptrend, offering a favorable risk/reward opportunity.