Ethereum's 25% Drop = Massive Bullish Opportunity!
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🔥 Ethereum Bullish Opportunity 🚀
Why the Bullish Sentiment?
💎 Massive Correction: ETHUSD has dropped 25% in the past month, presenting an attractive entry point for long-term investors and traders.
📊 Fibonacci Levels in Play: Price is bouncing off key Fibonacci retracement levels, signaling a recovery:
Trade Plan : 🎯 Entry: 3,050 🎯Take Profit 1 ($3,300): Close to the 0.236 Fibonacci level, acting as the first resistance. 🎯Take Profit 2 ($3,530): A target near the 0.50 Fibonacci retracement level, offering mid-range gains. 🏆Take Profit 3 ($3,740): A breakout move above the 0.618 Fibonacci level, marking a strong continuation. 🛡 Stop Loss: $2,800, placed below the Demand Zone to protect your position.
📈The ETH/BTC ratio is currently at 0.034, one of the lowest levels since April 2021. The last time the ETH/BTC ratio hit a low of 0.032 in November last year, Ethereum’s price skyrocketed from this exact level to $4,000 in less than 3 weeks.
📈 Demand Zone Support: Price is holding above the $3,000 Demand Zone, a historically strong level for reversals and bullish momentum.
With a strong historical pattern and technical alignment, Ethereum could be poised for another explosive move! Don't miss out on this setup! 🚀
👉 Ready to take action? Let’s ride this wave together and see where it takes us! Drop your thoughts or questions in the comments below!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.