The correction is over. After carving out a powerful "W" bottom, ETH has confirmed its reversal and is now offering the perfect pullback for smart traders to get in before the next major wave.
Don't see this pullback as weakness; see it as a prime opportunity.
Trade here $ETH
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Powerful "W" Reversal: The chart has formed a classic and highly reliable W-shaped bottom, a textbook sign that a major trend reversal is complete.
🔹 New Uptrend Confirmed: The ZigZag indicator clearly shows a new pattern of higher lows and higher highs. The trend has officially changed from bearish to bullish.
🔹 Healthy Pullback to Support: The current dip is a healthy correction, finding strong support around the $2560 level. This is where buyers are stepping back in.
🔹 Excellent Risk/Reward: Buying this dip provides a fantastic risk-to-reward setup, allowing you to target the previous highs with a tight stop-loss.
Trade here $ETH
📈 The Trade Recommendation:
This is a high-conviction trade based on a confirmed trend change.
✅ BUY: In the current zone of $2590 – $2605
🎯 TP1: $2640 (The recent swing high)
🎯 TP2: $2680
🛑 SL: $2555 (A tight stop just below the recent swing low)
Trade here $ETH
🔥 The Bottom Line: The reversal is confirmed, and this dip is your entry ticket. Don't miss the chance to ride the next wave up.
👇 What's your price target for ETH this week? Let me know in the comments! 👇
❤️ Like if you're bullish on this reversal, and follow for more confirmed trade setups!