The consolidation is officially over. After carving out a massive bottom, ETH has smashed through key resistance with incredible force. This is the start of the next major uptrend, and the market is flashing a giant "GO" signal.
Don't stand on the sidelines; this is the move we've been waiting for. $ETH
📊 The Bullish Case (Why Buy ETH Now?)
🔹 Major Resistance Annihilated: Ethereum has decisively broken and is now holding above the critical $2900 resistance level. This former ceiling has now become a solid launchpad for higher prices.
🔹 Textbook "W" Bottom: The price action from May to July has formed a perfect "W" bottom. This is one of the most reliable bullish reversal patterns, signaling the end of the correction and the start of a powerful new advance.
🔹 Explosive Bullish Momentum: Look at those powerful green daily candles! This isn't just a minor bounce; it's a display of dominant buying pressure and a clear shift in market sentiment.
🔹 Defined Targets Ahead: The chart clearly lays out the path forward. With the main resistance gone, the journey to the next price targets has begun, offering a fantastic risk-to-reward opportunity. $ETH
📈 The Trade Recommendation:
This is a classic breakout setup with confirmed momentum. The targets are clearly defined on the chart.
✅ BUY: In the current zone of $3000 – $3060
🎯 TP1: $3165 (The first key target is in sight)
🎯 TP2: $3335 (The next major level of resistance)
🛑 SL: $2880 (A strategic stop just below the breakout level)
🔥 The Bottom Line: The bearish sentiment is gone, the breakout is real, and the uptrend is just beginning. This is your prime opportunity to position yourself for Ethereum's next major run.
👇 Do you think ETH will reach $3500 this month? Let me know! 👇
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