Technical analysis by Harry_Megat about Symbol ETH: Buy recommendation (7/24/2025)

This Ethereum (ETH/USD) 4-hour chart presents a **bullish setup**. Let’s break it down: **Chart Overview:** * **Price at the time of chart:** \~\$3,650 * **Support Zone:** \~\$3,615–3,630 (highlighted in green box) * **Indicators:** * **EMA 7 (Red):** \~\$3,653.87 * **EMA 21 (Blue):** \~\$3,669.75 * **Bullish Signal:** Large upward green arrow suggests expectation of a breakout rally from current support. **Technical Analysis:** **1. Bullish Bounce at Support** * ETH tested the **horizontal support zone** multiple times, showing strong demand. * The recent candle shows a **wick rejection** from the support zone — indicating buyer strength. **2. Moving Averages** * Price is trying to reclaim above the **EMA7**, with EMA21 nearby (\~\$3,670). * A **bullish crossover** or strong candle close above both EMAs could confirm upside continuation. **3. Structure** * Previous resistance (\~\$3,615) has turned into **new support** — a classic bullish flip. * The large green arrow projects a **potential breakout move**, targeting higher highs possibly above **\$3,750+**, then **\$3,900+**. **Trade Setup Idea:** | Type | Entry | Stop Loss | Take Profit 1 | Take Profit 2 | | Long | \$3,655–3,660 | Below \$3,600 | \$3,750 | \$3,900+ | **Watch Out For:** * Rejection near EMA21 (\$3,670) * False breakout if volume is weak * Macro risk or sudden BTC movement dragging ETH **Conclusion:** The chart signals a **bullish bias** if ETH maintains above the support zone and reclaims both EMAs. A clean break above \~\$3,670–3,700 could spark further upside toward \$3,900+.*ETH/USD Bullish Trade – Update* **Trade Idea Recap** | Entry Zone | Stop Loss | TP1 | TP2 | | --------------- | ------------- | ------- | -------- | | \$3,655–\$3,660 | Below \$3,600 | \$3,750 | \$3,900+ | **What Happened** * ✅ **Entered around \$3,655** * ✅ Price surged to **\$3,738** * 📍 **TP1 (\$3,750)** is **nearly hit** * ✅ **Bullish breakout confirmed** * Price above EMA 7 & 21 * Holding above \$3,700 structure **Next Steps** * **If holding**: Trail stop-loss to **\$3,670+** * **Watch for TP1 at \$3,750**, then let ride toward **TP2 \$3,900+** * **New entries**: Wait for pullback to **\$3,700–\$3,670** or breakout above \$3,750 **Bias**: Bullish continuation toward **\$3,900+** while price holds above \$3,700.*ETH/USD Trade Update– FULL WIN** *Trade Idea** * **Type**: Long * **Entry**: \$3,655–\$3,660 * **Stop Loss**: Below \$3,600 * **Targets**: * 🎯 **TP1**: \$3,750 ✅ * 🎯 **TP2**: \$3,900+ ✅ **Outcome** * ETH rallied strongly from the support zone. * Clean breakout above **EMAs and \$3,670–\$3,700 resistance**. * Final price hit: **\$3,932** 🔥 --- ### 🧠 **Key Success Factors** * Strong support reaction (\$3,615–\$3,630) * EMA reclaim & bullish crossover * Structure flip and momentum follow-through **Result**: **100% Profitable** → Both targets achieved. Clean technical trade.