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Technical analysis by CryptoSkullSignal about Symbol ETH: Buy recommendation (6/11/2025)

https://sahmeto.com/message/3599288
CryptoSkullSignal
CryptoSkullSignal
Rank: 24754
1.3
Buy،Technical،CryptoSkullSignal

Ethereum tested the lower boundary of the ascending channel, dipping as low as $2,385, just above the critical support zone at $2,450–$2,420. However, sellers failed to push price below the structure, and buyers stepped in aggressively.🔸 Key Support Zone at $2,450 – $2,420:This area acted as a strong demand zone. Despite heavy sell volume, ETH held above it and triggered a bullish reversal.🔸 Breakdown Rejected – Bullish Momentum Returned:The rejection of the breakdown and strong bounce confirmed continued respect for the channel structure. Price surged above the midline and reached the $2,800+ area, tagging the upper boundary of the ascending channel.🔸 Upside Target Achieved: $2,700 – $2,800As predicted, once ETH held the support zone, price rallied to meet the upper resistance band.🔸 Outlook Ahead:Ethereum remains within the ascending channel. If bulls maintain momentum and break above $2,800, the next leg higher could target $2,950 – $3,000. However, failure to hold above $2,700 may invite a retest of the midline or even support again.

Translated from: English
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Signal Type: Buy
Time Frame:
3 ساعت
Price at Publish Time:
$2,823.49
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