The sell-off is officially over. After a sharp drop, ETH found a powerful bottom and has aggressively reversed, establishing a new, clear uptrend. This current pullback is not a sign of weakness; it's the market offering a perfect entry point before the next surge.
Don't let the previous volatility scare you; the bulls have taken back control, and the momentum is on our side. $ETH
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Powerful Bottom Found: The price found rock-solid support near the $2940 level, where selling pressure was completely exhausted and a strong reversal began.
🔹 V-Shape Reversal: The sharp, V-shaped recovery is a clear and powerful signal that the momentum has shifted decisively in favor of the bulls.
🔹 New Uptrend Established: We are now seeing a clear pattern of higher highs and higher lows, the textbook definition of a new, healthy uptrend.
🔹 Prime Entry Point: Buying this small dip provides an excellent risk-to-reward ratio. You are joining a confirmed new trend at a discount. $ETH
📈 The Trade Recommendation:
This is a classic "buy the dip" setup after a confirmed trend reversal. The signs are pointing to a continuation of the rally.
✅ BUY: In the current zone of $2985 – $2990
🎯 TP1: $3010 (A re-test of the recent high)
🎯 TP2: $3020
🛑 SL: $2975 (A tight stop below the recent local low)
🔥 The Bottom Line: The reversal is confirmed, the new uptrend is strong, and this pullback is your golden ticket to get on board. The smart money is buying this dip.
👇 Do you think ETH will break $3020 today? Let me know your thoughts! 👇
❤️ Like if you're bullish on this ETH reversal, and follow for more powerful setups.
#ETH #ETHETFsApproved #Ethereum
