While everyone was busy chasing meme coins and AI pumps, the King of Smart Contracts has been quietly printing a massive reversal pattern.
Don't look now, but Ethereum ($ETH) just woke up.
We are seeing a textbook "Support/Resistance Flip" on the weekly timeframe. This is the setup swing traders wait months for. If you were looking for a sign to rotate profits back into majors, this is it.
The Technical Setup 📊
The Structure: After weeks of chopping sideways, price has reclaimed the [Insert Current Major Level, e.g., $4,200] zone. This was previous resistance; it is now confirmed support.
The Indicator: The RSI Divergence on the daily chart is screaming "oversold bounce." The sellers are exhausted.
The Volume: We just saw the highest buy-volume candle in 14 days. This isn't retail buying; this is institutional accumulation absorbing the sell pressure.
My Trade Plan (Sniper Mode) 🎯
I am opening a Long Position right here. I am not waiting for a pullback that might never come.
⚡ Entry: Market Buy (Current Price).
🛡️ Stop Loss: Tight. Just below the recent swing low. If we lose this support level, the trade is invalid.
🚀 Target 1 (Conservative): +12% (Immediate liquidity grab).
🌕 Target 2 (Swing): +35% (The real move back to ATHs).
Why This Matters NOW
Liquidity cycles are predictable. Money flows from BTC -> ETH -> High Caps -> Alts.
Bitcoin has had its run. The "ETH Beta" trade is the most asymmetric bet in the market right now.
Are you Long or Short?
I’m betting on the breakout.
👇 Tell me in the comments: Is $ETH going to hit a new ATH this month? Yes or No?