Ethereum Up 50% in One Month – What's Next?

Towards the end of April, we shared an analysis explaining why we believed the correction phase for Ethereum was likely over and that a bullish trend could soon resume. We're pleased to see this outlook materialize, and even more when some of our readers were able to benefit from it.

We recognize that not everyone had the chance to act on that opportunity. That’s why today, we’re providing an updated market outlook, along with clear guidance on when it might be favorable to buy again.

Ethereum technical analysis

ETHUSD - 1 Day Time Frame

Before diving into the analysis, it's important to mention that while impulsive bullish moves are typically welcomed by buyers, entering the market at or near an internal performance peak, when you're not already in position, is a high-risk decision.

Such entries may expose traders to the possibility of a sharp reversal that could erase gains as quickly as they were made. And as always in the markets, anything is possible.

With that in mind, a potentially more strategic entry could occur after a correction back to a previous Buy-Side Liquidity (BSL) level. In this scenario, the idea is to patiently wait for a meaningful pullback, allowing for entry at a more favorable valuation. This approach not only improves the risk-to-reward ratio but also offers a safer position in the event of renewed volatility.

For more conservative traders, a Stop Loss can remain placed below the previous swing low identified during our initial entry.

On the other hand, more risk-seeking traders may prefer to set a Stop Loss only if a new entry setup forms during the potential correction — similar to the one that preceded the initial rally. Naturally, since this correction has not yet materialized, we are unable to define exact parameters at this point.

As for Take Profit levels, it remains essential to monitor the Buy-Side Liquidity levels, as these represent the most likely targets where profit-taking opportunities may arise.

These levels provide a framework for managing exits in a way that attempts to balance profit realization with continued upside potential.