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Technical analysis by TRADE_CENTER_1 about Symbol ETH: Buy recommendation (7/4/2025)

https://sahmeto.com/message/3615097
TRADE_CENTER_1
TRADE_CENTER_1
Rank: 4637

ETH/USD Inverse Head and Shoulders Breakout Targeting \$2,883

Buy
Price at Publish Time:
$2,560.71
Profit Target:
(+4.66%)$2,680
Stop Loss Price:
(-2.37%)$2,500
Buy،Technical،TRADE_CENTER_1

ETH/USD Inverse Head and Shoulders Breakout AnalysisThe 4-hour ETH/USD chart shows a clear inverse head and shoulders pattern, which is a classic bullish reversal setup. The left shoulder, head, and right shoulder are well-formed, and the neckline has been broken with strong bullish momentum, supported by a spike in volume—confirming the breakout.After the breakout above the neckline, Ethereum surged past the 2,559 level and is currently consolidating above that zone, indicating a possible retest of the neckline as new support.Key Levels:1st Target: 2,680 – This level is aligned with a previous resistance zone and the measured move from the neckline to the head.2nd Target: 2,883 – This is the full projection from the neckline breakout and represents a significant resistance area from past price action.As long as ETH holds above the neckline support around 2,500–2,540, the bullish structure remains valid. A break back below that zone with high volume could invalidate the pattern and open the door for downside risk.Conclusion:This well-formed inverse head and shoulders, followed by a strong breakout with volume, suggests a bullish trend reversal is underway. The pattern targets are:1st Target: $2,680 – Close to the previous peak before the right shoulder.2nd Target: $2,883 – Measured move target from head to neckline projected upward.As long as ETH stays above the neckline, bullish momentum is expected to continue.

Source Message: TradingView
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