Technical analysis by ONE1iMPACT about Symbol ETH: Buy recommendation (12/23/2025)

Setup Type: Range Breakout | Timeframe: Daily | Bias: Bullish 📈 🎯 Trade Parameters Buy Zone: $2,903 (accumulation range) TP 1: $3,278 (+12.9% from entry) TP 2: $3,911 (+35% from entry) Stop Loss: $2,743.99 (-5.5% risk) _____________________ 📈 Technical Structure Ethereum is forming a classic bottoming pattern after the December correction, consolidating within a defined range that's acting as a strong demand zone. The rectangular base suggests institutional accumulation before the next impulse wave. 🔑 Market Context Price has respected the $2,878-$2,906 support cluster multiple times, showing strong buyer interest. The projected Elliott Wave structure indicates a multi-wave rally targeting previous resistance zones with TP1 at the 0.382 retracement and TP2 at the 0.618 extension level. ⚡ Execution Plan Ladder entries in the buy zone with scale-out strategy: take 50% profits at TP1, move stop to breakeven, and let the remainder run to TP2. The corrective pattern is nearing completion, and volume profile suggests smart money positioning. Risk/Reward: 1:2.4 (TP1) | 1:6.5 (TP2) NOTE : The analysis emphasizes the accumulation phase and multi-target approach, perfect for swing traders looking to capture the next ETH rally.