Technical analysis by Cipher_SMC about Symbol ETH: Buy recommendation (5/29/2025)

ETH has been consolidating for 19 days and 17 hours within the price range of 2,268.67 USDT to 2,738.54 USDT. Today, ETH broke the Weak Swing High, resulting in a Break of Structure (BOS). Currently, ETH has reached the Daily Supply Zone at 2,746.00 USDT to 2,859.79 USDT. If ETH successfully breaks above this level, it could trigger a significant bullish momentum—potentially leading altcoins into a strong rally. Note: Only ETH will drive the altcoin season.