The powerful rally is just taking a breath! After an explosive surge to over $3,000, ETH is now in a healthy consolidation phase. This is the exact moment smart money looks for to get in before the next leg up.
Don't let this pullback shake you; the underlying trend is powerfully bullish.
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Confirmed Powerful Uptrend: The massive rally from the lows to the $3,040 peak is a clear sign that the bulls are in complete control of the trend. This is a market you want to be a part of.
🔹 Healthy Consolidation: This current dip is a textbook healthy pullback. The price is building a base and absorbing profits, which is exactly what we need before the next powerful surge higher.
🔹 Indicators Screaming "Buy": The RSI is now in oversold territory (below 30), a classic signal that the selling pressure is exhausted and a bounce is highly probable.
🔹 Fantastic Risk/Reward: Buying into this dip provides an exceptional risk-to-reward ratio. Your potential upside to re-test the highs is massive compared to the defined risk of the recent lows.
📈 The Trade Recommendation:
This is a classic "buy the dip" setup in a strong, confirmed uptrend.
✅ BUY: In the current zone of $2,930 – $2,940
🎯 TP1: $3,000 (First area of major resistance)
🎯 TP2: $3,040 (A re-test of the recent high)
🛑 SL: $2,915 (A secure stop below the 24h low)
🔥 The Bottom Line: The main trend is powerfully bullish, the pullback is healthy, and the indicators are signaling a bottom is near. This is your chance to buy ETH on a discount before it continues its climb.
👇 Do you think ETH will make a new high this week? Let me know your thoughts! 👇
❤️ Like if you're bullish on this ETH setup, and follow for more high-conviction calls
#ETHETFsApproved #Ethereum #ETH🔥🔥🔥🔥🔥🔥
