Technical analysis by JoE about Symbol ETH: Buy recommendation (7/28/2025)

Pattern & Technical Setup Ethereum (ETH/USDT) is showing a textbook symmetrical triangle pattern on the monthly chart. The pattern has been developing since the 2021 high, with lower highs converging with higher lows. The current candle has broken out above the triangle’s upper trendline, suggesting a potential bullish continuation. This breakout is significant given the long consolidation period and strong volume profile near the breakout zone. Trade Plan •Entry: Around $4000 on confirmed monthly close above triangle. •Stop Loss: Below $3,500 (safe side under breakout + previous support). •Profit Targets: $4,800 (measured move target based on triangle height) ⸻ Risk & Reward •Risk: ~17% downside (stop at $2,950) •Reward: ~253% upside to $4,800 •R/R Ratio: ~14:1 (favorable for swing trade)