Technical analysis by CryptoAle992 about Symbol ETH: Buy recommendation (6/3/2025)

CryptoAle992

Hey Traders!Ethereum just delivered a strong move on the 1H chart – let’s break down the setup:📊 Trend:Momentum has shifted bullish! ETH has smashed through both the 50 and 200 moving averages, and price is riding above the mid-Bollinger band.⭐️ Key Levels:Support: 2,589(MA200),2,589(MA200),2,572 (Bollinger Middle Band)Resistance: 2,656 (upper band & recent high), next target 2,690🔎 Technical Indicators:RSI: 62 – showing healthy bullish momentum, not yet overboughtMACD: Bullish crossover and expanding, confirming strengthVolume: Notice the volume pick-up on the breakout, increasing conviction!🎯 Trading Plan:Direction: LONGEntry: $2,605Stop-loss: $2,572 (below recent cluster & MA200 for tight risk)Take-Profit 1: $2,656Take-Profit 2: $2,690💡 Confidence: Medium – watch for follow-through above $2,656 for extra confirmation!🔥 Extra Notes:Breakout traders, this could be the push for a new leg up. No bearish divergence on indicators; momentum is with the bulls. Watch closely for any fake-outs – a tight stop keeps risk controlled.Will ETH keep rallying or will the bears step back in?Drop your thoughts below! 👇🚀#ETH #Ethereum #Crypto #TradingSignal #Bullish #Breakout #TradingViewLet me know if you want to tweak it for an even punchier effect or add a custom hashtag!