Technical analysis by linofx1 about Symbol ETH: Buy recommendation (11/2/2025)

📈ETHEREUM is currently undergoing a consolidation phase. The price is stuck within a wide horizontal channel on the 4-hour timeframe. We see a strong positive bullish reaction at its support level, leading to a bounce and the formation of a minor resistance. The violation of this minor resistance indicates a change of character, suggesting a high probability of local buyer dominance. Our target is at 4250 range resistance.