The correction is officially over. After a sharp drop to $2940, ETH has hammered out a strong bottom and is flashing early signs of a trend reversal. This is the zone where smart traders accumulate before the next leg up!
Don’t let the previous red candles fool you — momentum is shifting right now.
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Key Support Found: ETH has built a solid floor around $2940. Selling pressure has dried up, and bulls are defending this level aggressively.
🔹 Downtrend Exhausted: The decline from the $3020 peak has clearly run out of steam. Bears are weakening, and bulls are taking the wheel.
🔹 Powerful Reversal Signs: We're seeing a potential W-shaped recovery forming, with buyers stepping in and pushing the price toward $2970 again. Early entry opportunities are here before a strong breakout.
🔹 Fantastic Risk/Reward: Buying here around $2960-$2965 provides a great risk/reward ratio. The downside is limited if a stop is placed just under the $2940 support.
📈 The Trade Recommendation:
This is a classic bottom-catch setup. Indicators like RSI and MACD are showing stabilization, signaling a momentum shift.
✅ BUY: $2960 - $2965
🎯 TP1: $3000 (psychological and technical resistance)
🎯 TP2: $3020 (recent high)
🛑 SL: $2935 (tight stop just below the recent low)
🔥 The Bottom Line: Sellers are exhausted, ETH is turning the corner, and this could be your chance to ride the next bullish wave. Don’t miss this potential breakout!
👇 Do you think ETH will reclaim $3000 this week? Let me know below! 👇
❤️ Like if you're bullish on ETH’s reversal and follow for more early trade setups!
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