Technical analysis by smarthashmi21 about Symbol ETH: Buy recommendation (8/22/2025)

ETHUSD ETH/USDT shows a strong upward move after a period of consolidation and a breakout from a descending trendline. Bullish Momentum: The price has moved significantly higher from the S/R level and is currently trading at the higher end of the recent range. Impulsive Move: The recent candle is a large green candle, indicating strong buying pressure and an impulsive move to the upside. Potential Pullback: As mentioned in the previous analysis, the price may experience a pullback or a retest of the broken trendline. The strong move up could be followed by some profit-taking before a continuation of the trend. This is a common pattern in breakouts. Key Levels: The price action confirms that the S/R level around $4,284 is a critical area. As long as the price stays above this level, the bullish structure remains intact. A break below this level could signal a false breakout and a return to the previous range.