Technical analysis by tradexict about Symbol ETH: Buy recommendation (6/14/2025)

📝 ETH/USDT Technical Overview – June 14, 2025Timeframe: 1D (Daily)Exchange: Bybit SpotCurrent Price: $2,538.97Daily Change: -1.55%🔍 Market Structure Overview:Primary Trend: Still bearish on the macro (lower highs from November to April).Change of Character (CHoCH): Detected around mid-April → first signal of bullish intent.Short-term Trend: Bullish structure formed from April to early June (marked "UP TREND").Recent Break: Price has broken the bullish trendline and is currently pulling back.🧠 Smart Money Concepts:Fair Value Gap (FVG):Noted below the current price zone – acting as a potential draw for liquidity. Price may fill this imbalance before deciding on further direction.CHoCH Confirmation:The change in character initiated a shift, but without a BOS (Break of Structure) above $3,034, macro bearish bias remains intact.🛠️ Key Levels:TypePrice ($)NotesResistance3,034.26Key swing high, trendline confluenceSupport2,397.35Minor supportSupport2,313.92Local liquidity zoneSupport2,200–2,104Strong demand zone + FVG areaSupport1,537.55Major historical support🔮 Potential Scenarios:📉 Bearish Scenario:Continuation of rejection from downtrend resistance.Pullback into the FVG around $2,200–$2,100.Potential bullish reaction from there.If broken, next major support lies around $1,537.55.📈 Bullish Scenario:Support holds at $2,313–$2,200, bounce begins.Break and close above $2,800–$3,034 would confirm a macro trend shift.⚠️ Bias Today:Neutral to BearishUntil we see a strong bullish reaction from the FVG or a reclaim of the trendline, pressure remains to the downside.