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

https://sahmeto.com/message/3618176
FXOnTop
FXOnTop
Rank: 13954
1.6

Is ETH Heading to $2800? Strategic Entry in Bullish Trend

Buy
Price at Publish Time:
$2,555
Profit Target:
(+10.80%)$2,831
Stop Loss Price:
(-12.56%)$2,234
Buy،Technical،FXOnTop

Hi traders! , Analyzing ETH/USD on the 2H timeframe, price is respecting an ascending trendline and showing signs of continuation within the bullish structure:🔹 Entry: 2555🔹 Take Profit : 2831🔹 Stop Loss : 2234After consolidating above key support and retesting the ascending trendline, ETH is showing potential for a bullish continuation. The recent bounce is forming higher lows, and price remains above the 50 EMA, suggesting buyers are maintaining control.RSI is currently turning upward from the mid-zone, signaling growing bullish momentum while still avoiding overbought conditions. The trendline has been respected several times, adding confluence to the setup.If momentum holds, the TP around 2831 lines up with a significant resistance area from previous structure — a logical zone for price to reach in the short term.⚠️ DISCLAIMER: This is not financial advice. Every trader is responsible for managing their own risk and strategy.Secured partials SL at break-even🔥

Source Message: TradingView
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