Technical analysis by FX-Diaries about Symbol ETH: Buy recommendation (7/27/2025)

ETH made a beautiful bullrun from the trendline. Now most people will be convinced we will break the 4K level and so straight up. I'm not convinced, and that is because the last bullist candles are too extended. It's highly unlikely it will go straight up to + 4k from here. Second we are in a massive triangle that has to play out first. So what I believe will happen in the next months is that ETH will pullback to 2500 or even lower 1700. Allot of buyers that FOMO in now will be trapped and panic sell. Then end on the year when QE has done and there is enough fuel to break out of the triangle. It will happen fast maybe arround nov / dec. So don't fomo in wait