A W-shaped reversal in Ethereum here! Your golden entry point is now.
The correction is over. After forming a strong bottom in the shape of a 'W', Ethereum has confirmed its reversal, and it now provides a perfect bounce for smart traders before the next major wave.
Don't view this sideways movement as weakness; see it as refueling the rocket.
📊 Bullish Case (Why Buy ETH Now?)
🔹 Strong W-shaped Reversal: The chart has formed a classic and reliable bottom in the shape of a 'W'. Importantly, the second bottom around $2490 is higher than the first bottom, indicating massive underlying strength and buyer commitment.
🔹 Confirmation of a New Uptrend: The sharp downtrend has been broken, and the zigzag indicator now points 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 psychological level of $2500. Here, buyers are returning to build a launchpad.
🔹 Excellent Risk-to-Reward Ratio: Buying this dip offers a great risk-to-reward ratio, allowing you to target previous highs with a tight stop loss.
📈 Trade Recommendation:
This is a high-conviction trade based on a confirmed trend change.
✅ Buy: In the current range of $2500 to $2505
🎯 TP1: $2520 (Recent Swing High)
🎯 TP2: $2530 (Major High)
🛑 SL: $2485 (Tight Stop Loss Below Recent Swing Low)
🔥 Summary: The reversal has been confirmed, and this dip is your entry point. Don't miss the chance to ride the next upward wave.
Who is buying this reversal in Ethereum's price with me? Let me know! 👇
❤️ Hit like if you're optimistic about this setup, and follow for more confirmed trading ideas!
#ETH #TrumpVsMusk #OneBigBeautifulBill #NFPWatch #ETHETFsApproved