Technical analysis by Silvio_TraderskyZahvat about Symbol ETH: Buy recommendation (11/8/2025)

After October 11th dump, the marked zone acted as a strong support area, from which the market bounced several times. Now this zone has turned into a resistance level. For further growth, we need: 1) A breakout of this zone. 2)A confirmation and consolidation above it on higher timeframes. It’s also important to keep an eye on Bitcoin dominance and the TOTAL2 chart, as they can provide additional signals about the possible direction of the altcoin market.