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

ETHUSDT is trading inside an ascending triangle on the weekly chart, with price compressing between the resistance line and a rising support line. After a strong rally from the $1,500 demand area, ETH has reclaimed the 100- and 200-week EMAs and is testing the triangle’s upper trendline with increasing volume. A weekly close above $4,000–$4,200 would confirm a triangle breakout and open upside toward $6,000–$7,500, while a rejection could send price back toward $3,200–$3,000 for further consolidation. Wait for a clear weekly close and volume confirmation. Cheers Hexa ETHUSD ETH