#ETH Today's Plan: Preparing for the Next Leg Up
Ethereum ($ETH$) is currently hovering around the $1,671 level, showing signs of consolidation after a recent relief rally. Here is how the structure is shaping up and what we are planning for next:
🔍 The Setup
1. The Current State: The price experienced a sharp decline followed by a solid local bounce, establishing a clear short-term floor around the $1,540 - $1,560 zone.
2. The Expectation: We are anticipating a short-term pullback from current levels. This move isn't a sign of weakness, but rather a necessary market breath to build a healthier foundation.
📉 The Crypto Apostles Strategy: Watching for the Double Bottom Instead of chasing the price here, the plan is to wait for a potential double bottom pattern to materialize.
➡️. The Target Zone: We are looking for price to sweep lower into the $1,560 - $1,580 region to find liquidity and trap late shorts.
➡️. The Confirmation: If buyers aggressively defend this lower high/double bottom area, it will confirm structural strength and signal that the next major recovery leg is ready to begin.
➡️. The Upside Target: A successful reversal from the double bottom sets our sights on a breakout toward the $1,780 liquidity pool and beyond.
👂Key Takeaway: Patience is your best edge today. Let the market pull back, look for the liquidity sweep, and wait for confirmation before riding the next leg up.