Technical analysis by CryptoAnalystSignal about Symbol ETH: Buy recommendation (6/8/2025)

#ETHThe price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.We have a trend to stabilize above the 100 moving average once again.We have a downtrend on the RSI indicator that supports the upward move with a breakout.We have a support area at the lower limit of the channel at 2429, acting as strong support from which the price can rebound.Entry price: 2535First target: 2564Second target: 2598Third target: 2647