🚀 ETH trend reversal is in preparation! Accumulation area is open
The correction has officially ended. After a sharp drop to $2940, ETH has formed a strong bottom and shows early signs of trend reversal. This is the area where smart traders are accumulating before the next move up!
Don't let the previous red candles deceive you — momentum is changing now.
$ETH
📊 Bullish Status
🔹 Major Support Found: ETH has built a strong base around $2940. Selling pressure has dried up, and the bears are fiercely defending this level.
🔹 Bearish Trend Exhausted: The drop from the peak of $3020 has clearly run out. Bears are weakening, and bulls are taking the lead.
🔹 Strong Reversal Signs: We are witnessing a recovery formation shaped like a W, with buyers entering and pushing the price back towards $2970. Early entry opportunities are here before a strong breakout.
🔹 Excellent Risk/Reward Ratio: Buying here around $2960-$2965 offers an excellent risk/reward ratio. The downside is limited if a stop loss is placed below the $2940 support.
$ETH
📈 Trading Recommendation
This is a classic setup to catch the bottom. Indicators like RSI and MACD show stability, indicating a momentum shift.
✅ Buy: $2960 - $2965
🎯 TP1: $3000 (Psychological and Technical Resistance)
🎯 TP2: $3020 (Last Peak)
🛑 SL: $2935 (Stop Loss below the last bottom)
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