Technical analysis by CryptoAle992 about Symbol ETH: Buy recommendation (5/30/2025)

1. Main TrendCurrently, the 1-hour timeframe shows a sideways/weakly bullish trend:After a price drop, there is a recovery toward the moving average, but without clear directionality.Price is above the 200 SMA but lacks a strong momentum.2. Key LevelsSupports: 2,580 (200-period moving average and previous congestion area), 2,550 (local low and lower Bollinger Band).Resistances: 2,663 (50-period moving average and upper Bollinger Band), 2,718 (recent local high).Potential breakouts: A significant breakout above 2,663 could open the way toward 2,718–2,750; conversely, a breakdown below 2,580–2,550 increases downside risk.3. Technical IndicatorsRSI: Currently at 48, generally neutral (neither overbought nor oversold), indicating no extremes.MACD: MACD and Signal lines are very close and below zero, with no clear crossover; signals weakness/indecision.Bollinger Bands: Price has re-entered the bands after a downward extension; volatility is contracting.4. Risk/Reward & Trade SignalDirection: Long (moderate) — opportunity for a technical bounce at the support area.Entry: 2,605–2,615 (just above static and dynamic support).Stop-loss: 2,579 (slightly below the recent low and the 200 SMA).Take-profit 1: 2,663 (first target, aligns with the 50 SMA and immediate resistance).Take-profit 2: 2,718 (recent high for an extended move).Confidence: Medium (no strong signals, but a good setup for a technical rebound).Additional notes: No distinctly bullish or bearish patterns, but there is an attempt to hold support with a possible rebound. Watch for low volatility and potential “fake moves” as price interacts with the moving averages. This trade is suited for intraday/short-term strategies.Trade Signal SummaryParameterValueAssetETHUSDTPERPDirectionLongEntry2,605–2,615Stop-loss2,579Take-profit 12,663Take-profit 22,718ConfidenceMediumNotesRebound at 200 SMA and key support, watch for potential fake breakouts.If the price decisively breaks and closes below 2,579, the strategy should be reconsidered and a short position might be evaluated.