ETH Bulls Might Have a Shot – Tight Range Before the Breakout

Apr 22

📅 What just happened on ETH?
Ethereum recently printed a local bottom just below 1400 – a level that felt unthinkable just a few months ago. But as it often happens in crypto, the unexpected became reality.

💡 What came next?
From that low, ETH bounced strongly, signaling the start of a natural correction. While I personally don’t believe this is the final bottom, I do see opportunity on the upside.

🧐 What the chart tells us:

Sharp reversal from under 1400

Quick drop but failed continuation lower

Current tight consolidation, which often leads to breakout setups

🧠 My view:
Right now, this looks like a temporary bottom, and until proven otherwise, I’m interested in buying the dip. As long as the structure holds, bulls might have the upper hand short-term.

🎯 My Trading Plan:
Looking to go long, with 1800 as my target.
Risk-Reward? I’m aiming for at least 1:2, so I’ll be waiting for the right entry signal before jumping in.

Apr 22

Trade active

Eth will close the day with a strong bullish engulfing

Apr 23

Trade closed: target reached

1800 target reached