Technical analysis by Ali-Traders-Pro about Symbol ETH: Buy recommendation (3 hour ago)

🔍 ETH/USD Market Structure Overview 1️⃣ Major Resistance Zone (Red Box — ~$4,150–$4,700) This is a strong multi-touch rejection area. Price previously failed to break above this zone several times (purple arrow), confirming heavy supply. If market eventually rallies back into this zone, expect profit-taking and bearish reactions. 🟨 2️⃣ Mid-Range Support & Resistance ($2,625–$2,900) (Yellow highlighted zone) This level is acting as a key pivot, previously serving as both: Support during the June–July accumulation. Resistance in the early phase of the uptrend. Recently turned support again, with the new bounce (blue arrow). This zone is critical — price direction from here will define the next macro trend. 🟩 3️⃣ Major Support Zone ($2,200–$2,450) (Green zone) Historically, this range triggered strong bullish reactions (multiple blue arrows). If the current mid-range support fails, price may retest this deeper demand zone, creating a long-term buying opportunity. 📉 4️⃣ Current Market Condition ETH is currently in a downtrend, forming lower highs and lower lows. However, price has now entered the high-value demand zone ($2.6–$2.9k), where buyers are historically active. The chart suggests: 🟦 Short-term: Bounce expected Price may push up toward the $3,950 zone (black resistance line). 🔄 Mid-term: Possible retest scenario The drawn yellow projection shows: A bounce ✔️ Then a drop back into the same support ✔️ Before a stronger rally to key resistance ✔️ This is a classic accumulation shakeout pattern. 🚀 5️⃣ Bullish Scenario (Blue Arrow) If bullish order flow enters: ETH could rally toward $3,950 (structural resistance). A break above that level may push price toward $4,270. Key Bullish Trigger: ✔️ A daily close above $3,950. ⚠️ 6️⃣ Bearish Scenario (Orange Arrow) If price fails to hold $2,625: Expect a drop back into the major green support zone ($2.2–$2.45k). This is where long-term buyers may step in again. Key Bearish Trigger: ❌ Breakdown below $2,625 with strong volume. 🎯 Conclusion ETH is sitting in a critical decision zone. The next major move depends on whether the $2.6–$2.9k support holds. 📌 Upside targets: $3,950 → $4,270 📌 Downside targets: $2,450 → $2,250