Technical analysis by Trend_logic about Symbol ETH: Buy recommendation (8/5/2025)

The ETH/USD 45-minute chart highlights a bullish cup and handle pattern, a strong indication of potential upward continuation. After forming a rounded bottom, price action broke above the descending handle channel, followed by a retest of the breakout zone, which aligns with a major support area. The price is currently trading above the Ichimoku Cloud, confirming bullish strength and suggesting further upward momentum. Volume has also increased during the breakout, reinforcing the potential for continuation. Key support between 3595 and 3646 held firm, allowing buyers to step in aggressively. If this momentum sustains, price may aim for higher resistance zones in the coming sessions. The overall technical structure favors the bulls, supported by strong recovery, breakout confirmation, and volume participation. Entry Buy: 3675 First Target Point: 3735 Second Target Point: 3875