Technical analysis by HoneySpotTrading about Symbol ETH: Buy recommendation (15 hour ago)

Ethereum on the 1-hour timeframe is showing a well-defined market structure with a strong supply zone overhead. After an extended range-trading phase, price managed to break out and is now performing a clean retest, which suggests growing buyer interest at current levels. Price is currently holding above the marked buyer zone, keeping the bullish scenario valid. A decisive breakout above the supply zone could open the door for further upside, with higher targets coming into focus, particularly toward the 3,260 area. Key points: Multiple range-trading phases before structure expansion Breakout and retest acting as bullish confirmation Demand / buyer zone providing strong support Key decision area just below the major supply zone As long as price remains above the buyer zone, the bias stays cautiously bullish. A strong push above resistance may trigger the next impulsive move higher. This is my technical outlook — what’s your view on ETH from here? Share your thoughts in the comments. — HoneySpotTrading