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

https://sahmeto.com/message/3658298
thesharkke
thesharkke
Rank: 13800

ETHUSD: A potential short term trade setting up

Buy
Price at Publish Time:
$3,589.22
Profit Target:
(+12.89%)$4,052.02
Stop Loss Price:
(-1.65%)$3,530
Buy،Technical،thesharkke

Hello, The ETHUSD pair is currently forming a well-defined bullish flag pattern, a reliable indicator of a potential continuation of the upward trend. Risk-tolerant investors may consider entering at the lower boundary of the flag, while risk-averse investors might prefer to wait for a confirmed breakout to the upside before entering a position. The MACD is showing a bullish zero-line crossover, further supporting our bullish outlook. Additionally, the cryptocurrency market has experienced significant growth recently, with Bitcoin trading at all-time highs. While Ethereum has underperformed Bitcoin, this lag presents a compelling buying opportunity, as investors who missed Bitcoin's rally may turn to Ethereum to capitalize on its potential catch-up Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Source Message: TradingView
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