Technical analysis by Harry_Megat about Symbol ETH: Buy recommendation (7/18/2025)

Ethereum (ETH/USD) Chart Analysis **Trend Overview:**Ethereum (ETH/USD) Chart Analysis * The chart shows **strong bullish momentum**, with Ethereum maintaining an upward trend of **higher highs and higher lows**. * The price is currently around **\$3,618**, well above the key moving averages: * **EMA(7): \$3,610** * **EMA(21): \$3,539** * **EMA(50): \$3,419** **Support Levels:** * The recent pullback found support at the **\$3,570–\$3,600 zone**, which is now acting as a **key horizontal support**. * Below this, **EMA 21 (\$3,539)** and **EMA 50 (\$3,419)** offer additional dynamic support zones. * Marked support areas **S1 and S2** also highlight previous breakout zones that could act as strong demand levels if retested. **Bullish Outlook:** * As long as ETH stays **above the support zone**, the bullish trend is likely to continue. * A bounce from the current level could lead to a **retest of \$3,740**, followed by a move toward the **\$4,000 target** shown by the projected green path on the chart. **Indicators & Sentiment:** * Price respecting the EMA lines confirms **strong buyer interest** on pullbacks. * No visible bearish divergence, and the chart structure favors **trend continuation**. **Conclusion:** Ethereum remains in a **bullish structure**, with strong support around \$3,570–\$3,600. As long as it holds above this zone, the next upside targets are \$3,740 and potentially \$4,000. A break below the EMAs would signal weakness, but for now, momentum supports continued gains.✅ **ETH/USD Update – Bullish Scenario Played Out Successfully** Ethereum (ETH) continued its strong bullish momentum and has now **hit \$3,820**, fulfilling the bullish scenario that projected an upward move from the breakout near \$3,470 and \$3,570 levels. Summary of the Bullish Play: * ETH broke above the **ascending broadening wedge** and cleared resistance at **\$3,470**, then **\$3,570**. * Momentum extended as predicted toward **\$3,820**, approaching the **next key zone near \$3,900–\$4,000**. * The bullish pattern from earlier (symmetrical triangle + bullish pennant) guided the move. Current Market Conditions: * **RSI** and **Stochastic** are in or near overbought zones – suggesting potential short-term cooling. * **Support levels to watch**: \$3,740 / \$3,570 / \$3,470. * As long as ETH holds above \$3,740, the bullish structure remains intact. Next Bullish Target: * If momentum continues, the next major resistance sits around **\$3,950–\$4,000**. **Conclusion**: The bullish idea has **run successfully**, and ETH remains in an uptrend with strong buying pressure and bullish technicals.Ethereum (ETH/USD) reaching **\$3,850** marks a successful execution of this bullish setup. 1. **Analysis:** ETH had been forming a bullish structure — breaking out of both a **symmetrical triangle** and an **ascending broadening wedge**, signaling a strong upside continuation. 2. **Key Levels Watched:** * **Breakout Zone:** Around \$3,470 * **Support Area:** \$3,600 * **Target Area:** \$3,850–\$4,000 (based on pattern projections) 3. **Current Price Action:** ETH rallied past the \$3,600 support and maintained bullish momentum, finally hitting the **\$3,850** mark — which was the **upper target** of the pattern. This confirms strong buying interest and market confidence. 4. **Indicators:** * RSI and Stochastic previously in overbought zones hinted at strength. * Price holding above EMAs further supported bullish bias. **Conclusion:** The move to \$3,850 confirms the bullish setup was valid and successfully played out. ETH remains bullish **as long as it stays above \$3,600**, with **\$4,000** now acting as the next major upside target.