Technical analysis by formula_capital about Symbol ETH: Buy recommendation (9/12/2025)

Analyzing the hourly ETH chart. I'm seeing a clean breakout from the long consolidation phase, with $4480 now flipped to key support. The buying momentum is very strong, and the price structure shows the bulls are in full control. My primary scenario for the next few days is a slight pullback to retest the $4480 level. I see this as an optimal entry point for a long position. The first target to take some profits will be the $4600 area. The main driver for a move higher will be the market's reaction to the Fed's rhetoric. Positive sentiment will easily provide the fuel for a push toward the main target at $4700. I'm trading this plan, while always keeping my risk in check.