Ethereum Hits Support – Time to Load Up?

🎢 The Great 112‑Day Drop

What happened? Over the past 112 days, ETH tumbled –66%, sliding from $4109 down to $1383 and oh yeah, it even poked its nose below the January 2018 all-time high. 7 years ago!



Support Zone: 0.786 + Volume Profile

• 0.786 Fib: $1,570.85 (drawn from the 2022 low $870.80 to that $4109 high).
  
• 5‑Year POC: $1565
  
• Hold Tight: For 2 weeks, the 0.786 level has acted as support, bouncing price right back up.
  

Sell in May and go away? Rather buy in May and grab some gains on the way?

Trade Blueprint: Your Ethereum Game Plan

• Entry Zone: $1570.85
  
• Stop Loss: Below $1369.79
  
• Profit Targets: $1800, $2000 ,$2500, $3000
  
• Risk/Reward: Risk ≈13%, Reward ≈91%, a solid 7:1 R:R
  

DCA
Missed the perfect entry? No drama... dollar‑cost average between $1700 and $1500.
Keep an eye on the monthly open at $1822. Bulls need to break this resistance zone.

Bottom Line

Ethereum’s –66% dive has handed us a golden ticket at the 0.786 fib and 5‑year POC. This is one of those “buy the dip” moments.
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Happy trading everyone! 💪