Technical analysis by afurs1 about Symbol ETH: Buy recommendation (6/23/2025)

After enduring a prolonged and painful correction, Ethereum has tested the patience of many crypto investors, particularly those anticipating the long-awaited arrival of altcoin season. Sentiment across the space has remained cautious, as repeated failed rallies and a lack of follow-through have left many questioning whether the broader alt market will ever regain momentum. However, there are now early indications that conditions may be shifting. A notable bounce has occurred from the overall low anchored VWAP—a level that has historically acted as a key reference point for value and trend continuation. The presence of responsive buyers at this level suggests it may be establishing itself as a strong demand zone, potentially forming the foundation for a broader structural reversal. Additionally, subtle but important changes in market structure are beginning to emerge. We're seeing higher lows form on shorter timeframes, alongside a reduction in selling pressure—both of which are early signs of a possible trend change. If Ethereum can sustain its hold above this support and reclaim key resistance levels with strength, it could ignite renewed confidence across the altcoin market. Should this prove to be a meaningful low, it may very well set the stage for alt season to finally take shape—bringing with it a rotation of capital into high-beta assets and broader participation across the crypto space.First TP hit at the previous VALTaking 70% profits on the massive move, leaving some runningValue rotation completed. I think this bad boy can still run higher, but for now I will close out the trade and look for new entries on pullbacksCurrently just blasting through resistance, using trend based fib tools, I will look to the 1.618 extension, which is generally common for a wave 3.Here is where I think we are at the moment, until proven otherwiseIn a max bull scenario perhaps we take $4600. Im not so sure of that yet, lets see if we can get $4100 first , and then watch the reaction in the market.Currently forming a ABC correction