Technical analysis by GKTrademanthan about Symbol ETH: Buy recommendation (7/9/2025)

Key Elements in the Chart:Wave Count (Possibly 1,2,3,4,5):The chart shows a potential Elliott Wave formation inside a "Megaphone" (broadening wedge) pattern.The current wave appears to be completing Wave 4, heading toward Wave 5.Buy Zone and No Trading Zone:A "Buy Above" level is marked just above $2,763, indicating a bullish breakout confirmation.A "No Trading Zone" is identified between ~$2,378 and ~$2,763, suggesting uncertainty or consolidation.Downside Targets (If bearish breakout occurs):Target 1: Around ~$1,900.Target 2: Much lower, near ~$1,000.Indicators:Bollinger Bands are applied, suggesting increased volatility within the megaphone pattern.