Technical analysis by MMBTtrader about Symbol ETH: Buy recommendation (10/28/2025)

Ethereum (ETH) is approaching a critical technical juncture as it tests a key descending trendline. A decisive breakout above this trendline, confirmed by a sustained close and supported by high trading volume, would signal a potential reversal of the recent bearish momentum. Such a confirmed breakout is often followed by a significant bullish impulse. The initial phase of this move would likely be characterized by strong, high-volume bullish candles, indicating robust buyer conviction. Based on classical technical analysis principles, and specifically using measured move projections from the prior consolidation range, the initial upside target following a successful breakout is projected toward the $5,500 level. This represents a significant resistance zone and a logical first objective for a new bullish phase. DISCLAIMER: ((trade based on your own decision)) <