Technical analysis by Aria-Margot-Fx about Symbol ETH: Buy recommendation (6/26/2025)

Chart OverviewTimeframe: 45-minuteInstrument: ETH/USD (OANDA)Price at Analysis: $2,474.82Date of Chart: June 26, 2025---📊 Pattern Analysis1. Rounded Top (Bearish Phase)Timeframe: Roughly June 8–14Shape: Large rounded top (highlighted in blue)Interpretation: This typically signals exhaustion in bullish momentum, which was followed by a drop in price.Price Reaction: Significant decline after the peak near $2,900.2. Sideways Range/ConsolidationTimeframe: June 16–21Highlighted Box: Orange rectangleInterpretation: A period of indecision before the next move, eventually leading to a breakdown.3. Rounded Bottom (Bullish Reversal)Timeframe: June 21–25Shape: Cup-like formation highlighted in yellowInterpretation: Suggests potential bullish reversal. The price bounced from the support zone (green band near $2,200).---🔍 Key LevelsLevel TypePrice RangeNotesSupport$2,200–$2,250Historical buy zone (green shaded area)Resistance~$2,900Previous high and key psychological levelTarget~$2,700Highlighted with label "Target"---🔄 Price Action & PredictionThe chart suggests a bullish projection with a zigzag-style recovery:Expected minor retracement around $2,500–$2,550Gradual climb toward $2,700Final leg up marked as the “Target”This forecast is visualized with a dotted blue path showing higher lows and higher highs—a classic bullish structure.---⚠ Risk ConsiderationsRejection at $2,500–$2,550: May delay the bullish push.Break below $2,300: Would invalidate the rounded bottom setup and suggest bearish continuation.Macro Events: The presence of calendar icons (likely U.S. economic data) can cause volatility.