Technical analysis by Ali-Traders-Pro about Symbol ETH: Buy recommendation (11/16/2025)

📊 Professional Market Analysis – ETH/USD Structure Breakdown Here’s a clean, professional interpretation of the chart you provided, using a trader’s perspective and visual cues (📉📈📌): 🔻 1. Overall Market Structure – Downtrend Losing Strength The chart shows a prolonged downward trend channel (blue) that has recently been broken. Price created a major bottom around the 5–6 Nov area (circled), followed by a relief recovery. The downward trendline (pink) has been broken, signaling weakening seller momentum. 🟤 2. Key Support Zone Identified The support area around $3,040–$3,160 is clearly respected multiple times. The recent pullback into this zone suggests a potential bullish reaction is forming. Buyers previously absorbed heavy selling pressure here ⇒ strong demand zone ⚡ 🔵 3. Major Resistance Levels $3,673 (blue horizontal line) is the immediate resistance. Above that, $3,802 is the next resistance. The main resistance zone sits around $4,200–$4,255, which is the long-term upside target. 📈 4. Expected Price Movement (Bullish Scenario) Your chart suggests a bullish setup: ✔️ Bullish Trigger A bounce from the support zone → break above $3,673 → extension toward $3,802. ✔️ Upside Target The blue projection box indicates a move of roughly +15–20%. ✔️ Reasoning Downtrend broken Support holding Higher-lows forming Momentum indicators turning 🟥 5. Risk Scenario (Bearish Breakdown) If price fails to hold support ($3,040–$3,160): Expect downside continuation to $3,000–$2,880 zone. This would invalidate the bullish rebound structure. 🎯 6. Summary Bias: Bullish reversal forming Key Support: $3,040–$3,160 Immediate Resistance: $3,673 Next Target: $3,802 Macro Target: $4,200–$4,255 📌 The current price action suggests accumulation and a likely upward breakout if buyers defend support.