Technical analysis by Options360 about Symbol ETH: Buy recommendation (6/19/2025)

This is a straightforward analysis. Ethereum has been trading in an ascending parallel channel for 6 weeks now. As long as this pattern stays valid, ETH is a long at the bottom and short at the top of the channel, repeat. Round numbers support is 2450 and resistance is 2750. Trade idea: Long: 2530 Profit: 2750 Stop: 2450New trade setup: Long: 2400 Profit: 2800 Stop: 2320Well, the Ethereum long eventually worked out, just not how I originally planned on my June 19th publication.3350 is a fib resistance area:Here's a zoom in on Ethereum for August with the 2 month uptrend channel, 1 week downtrend channel and 8/2 low - 8/13 high Fib retracement levels. All 3 convergence at 4100: 50% retracement, downtrend support and uptrend support.ETH broke it's 2 month uptrend channel supportzoom in breakout: