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.
$ETH
๐ The Bullish Case (Why Buy ETH Now?)
๐น 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.
๐น 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.
๐น 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.
๐น 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.
$ETH
๐ The Trade Recommendation:
This is a classic "buy the dip" setup in a strong, confirmed uptrend.
โ BUY: In the current zone of $2,930 โ $2,940
๐ฏ TP1: $3,000 (First area of major resistance)
๐ฏ TP2: $3,040 (A re-test of the recent high)
๐ SL: $2,915 (A secure stop below the 24h low)
$ETH
ETH
2,934.34
-2.21%
๐ฅ 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.
๐ Do you think ETH will make a new high this week? Let me know your thoughts! ๐
โค๏ธ Like if you're bullish on this ETH setup, and follow for more high-conviction calls
#ETHETFsApproved #Ethereum #ETH๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
