Technical analysis by CryptoNuclear about Symbol ETH: Buy recommendation (8/9/2025)

Summary The weekly chart shows Ethereum testing a multi-year horizontal resistance zone around $3.9k–$4.1k, a level repeatedly tested since 2021. The measured move on the chart projects a potential target of $4,868 — about +$868 or ~21–22% upside — if a confirmed breakout occurs on the weekly timeframe. --- Technical Analysis (based on chart) Timeframe: Weekly (1W). The current test is highly significant due to the higher timeframe, with medium- to long-term implications. Key Levels: Major resistance zone: ≈ $3,950 – $4,100 (yellow line). Breakout target: $4,868 (≈ +$868 or ~+21–22% from the breakout zone). First support if rejected: ≈ $3,300 – $3,600. Stronger support at $2,100 – $2,750. Price Action: Price has made multiple peaks at this zone (multiple tops), signaling strong supply. However, recent higher lows suggest growing bullish momentum — if a breakout occurs. Pattern: Multi-year horizontal resistance. Possible outcomes: Rejection: Acts as a triple-top / horizontal supply zone. Breakout: Transitions into a range breakout setup with measured target. --- Bullish Scenario (confirmation needed) 1. Confirmation signal: Weekly close above $4.0k zone with strong follow-through in the next week. 2. Entry strategies: Conservative: Wait for a retest (resistance → support) before entering, with stop below retest (~$3.7k). Aggressive: Enter on breakout, stop below breakout candle low. 3. Target: First target ~$4,868 (measured move). If momentum persists, higher targets may be reached. 4. Invalidation: Weekly close back below $3.7k–3.8k after breakout. --- Bearish Scenario (if rejection occurs) 1. Confirmation signal: Bearish rejection candle (pin bar / engulfing) on weekly + no breakout close. 2. Entry strategies: Short or take profit on longs after confirmed rejection; ideally backed by bearish follow-through next week. 3. Target downside: First support $3.3k–3.6k; stronger drop could retest $2.1k–2.8k zone. 4. Invalidation: Weekly close back above $4.1k with strong bullish volume. --- Risk Management & Notes Weekly close is key — avoid reacting solely to intraday wicks. Volume matters: No volume = higher risk of false breakout. Position sizing: Keep risk controlled (e.g., 1–2% per trade), stops in logical zones. Multi-timeframe check: Use daily chart for precise entries and watch for orderflow/news catalysts. --- Pattern Notes Multiple Tops / Horizontal Supply: Sellers have consistently defended this level. Ascending pressure: Higher lows into resistance can increase breakout probability. Measured Move: Distance from breakout zone to target is about $868 — matching the chart’s projection. --- Hashtags #ETH #ETHUSDT #Ethereum #Crypto #Breakout #Resistance #WeeklyChart #CryptoAnalysis #TechnicalAnalysis