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 sideways movement as weakness; see it as the rocket refueling.
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Powerful "W" Reversal: The chart has formed a classic and highly reliable W-shaped bottom. Crucially, the second low around $2490 is higher than the first low, a sign of immense underlying strength and buyer commitment.
🔹 New Uptrend Confirmed: The steep downtrend has been broken, and the ZigZag indicator is now pointing to a new pattern of higher lows. The trend has officially changed.
🔹 Healthy Consolidation: The current dip is a healthy correction, finding strong support around the $2500 psychological level. This is where buyers are stepping back in to build a launchpad.
🔹 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.
📈 The Trade Recommendation:
This is a high-conviction trade based on a confirmed trend change.
✅ BUY: In the current zone of $2500 – $2505
🎯 TP1: $2520 (The recent swing high)
🎯 TP2: $2530 (The major high)
🛑 SL: $2485 (A tight stop just below the recent swing low)
🔥 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.
👇 Who's buying this ETH reversal with me? Let me know! 👇
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