Technical analysis by taika808 about Symbol ETHFI: Buy recommendation (7/18/2025)

ETHFI on the weekly timeframe shows a significant bullish breakout after successfully breaking above the long-term descending trendline resistance that had been capping price action for months. This breakout represents a major shift in market structure and suggests the extended downtrend may be ending. Key Technical Points: Clean break above descending trendline resistance Volume appears supportive of the breakout move Potential Targets: Initial resistance zone around $4.5 (red shaded area) Higher targets possible if momentum sustains Risk Considerations: Weekly timeframe moves take time to develop A false breakout could see price return below trendline Overall crypto market sentiment remains crucial The breakout setup offers favorable risk-to-reward for longer-term positioning, though traders should monitor for sustained momentum above the trendline to confirm the reversal.