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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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.