$ETH at "Golden Buy Zone" - Will History Repeat Itself?
Ethereum ($ETH
) is currently trading at $2,851, sitting right on top of its most critical "Long-Term Trendline Support."
Market Insight (Chart Analysis):
The Life Line: As seen on the chart, this white trendline has saved the price from crashing 4 times in the past. We are currently testing this support for the 5th time.
Smart Money Zone: While retail traders buy the hype at $4,000, Smart Money/Whales typically accumulate exactly at these trendline touches.
Risk vs. Reward: Entering here offers an excellent Risk/Reward ratio. The Stop Loss (SL) can be tight just below the line, while the upside potential targets $3,500+.
Strategy: Watch for a confirmed bounce. A strong daily candle close above this line would validate the reversal.
Caution: If this trendline breaks, the structure turns bearish. Stay alert.
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