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

Ethereum is at an interesting spot.After forming a clear bullish structure with Higher Highs (HH) and Higher Lows (HL), ETH entered an accumulation zone right below the key resistance zone.Currently, price is retesting the 50 EMA + 100 EMA confluence zone — a critical area of demand. This level has previously acted as a strong support, and the Stoch RSI is bouncing from oversold territory, signalling possible bullish momentum ahead.If ETH holds this accumulation zone and the EMA support, we could see another push toward the key resistance zone or even a breakout. However, if this zone fails, a deeper pullback toward lower support levels is likely.For now, watch how price reacts here — this is a decision point.If you liked it, do comment and follow us for regular market updates.THANK YOU