Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol ETH: Buy recommendation (8/2/2025)

ETH/USD (Coinbase) Timeframe: 2-hour Current Price: ~$3,485.73 Indicators: Red Line: Likely a short-term moving average (e.g., 20 EMA) Blue Line: Longer-term moving average (e.g., 50 or 100 EMA) Pattern: A pullback toward previous support after a significant rally ✅ Trade Setup Details Entry Point: ~$3,485.34 This level aligns with prior consolidation and support zone (yellow highlighted area) Stop Loss: ~$3,369.61 Placed below the support block to allow room for volatility Target Point: ~$3,940.56 A retest of previous swing highs ✅ Risk/Reward Potential Upside: ~13.96% move (approx. +$482) Risk: About $115 per ETH Reward/Risk Ratio: ~4:1 Favorable, as rewards significantly exceed the risk ✅ Technical Context Price Action: Recent downward retracement after peaking near $3,940 Testing a major support (highlighted in yellow) If this support holds, there is potential for a reversal rally toward target Moving Averages: Price is near/below the red short-term moving average, signaling recent bearish momentum A bounce from this zone could confirm a higher low formation Key Confirmation: Strong bullish candle or rejection wick from the support zone would strengthen the long bias ✅ Summary of the Setup This chart outlines a long trade opportunity: Entry near: $3,485 Stop below: $3,369 Target: ~$3,940 Rationale: Buying into a well-established support zone anticipating a rebound to retest prior highs. If you’d like, I can help you: Assess alternative targets Discuss scaling entries Review other timeframes for confluence