After an explosive run, ETH is taking a healthy and necessary breather. This is not weakness; this is the market building up massive energy for its next surge higher.
For smart traders, this pullback is the perfect opportunity to get on board before the next launch.
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Powerful Reversal Confirmed: The chart shows a clear "W" bottom, with the reversal from the lows around $2380 confirming that buyers are in complete control.
🔹 Healthy Consolidation (Bull Flag): The current sideways movement is a classic bull flag pattern. This is a continuation pattern that almost always resolves to the upside in a strong trend.
🔹 Holding Key Support: The price is consolidating well above the previous lows, holding strong support and refusing to give back its gains.
🔹 The Ideal Entry: Buying during a bull flag is a professional strategy to enter a strong trend at a discount, offering an exceptional risk-to-reward ratio.
Trade here $ETH
📈 The Trade Recommendation:
This is a high-conviction trade based on a powerful continuation pattern.
✅ BUY: In the current zone of $2580 – $2590
🎯 TP1: $2620 (Retest of the recent high)
🎯 TP2: $2660
🛑 SL: $2555 (A tight stop just below this consolidation)
Trade here $ETH
🔥 The Bottom Line: The trend is powerfully up, and this bull flag is the launchpad for the next move. Don't be scared of the dip—embrace it as your entry ticket.
👇 Who thinks $ETH breaks $2700 this week? Let me know! 👇
❤️ Like if you're bullish on Ethereum, and follow for more high-probability setups!