While recent headlines accurately highlight the resurgence of Bitcoin, traders and investors could adopt a more nuanced and strategic perspective on the current market landscape. Buying into an asset that is already at or near its peak performance may carry more risk than entering during a correction or discount phase.

This raises a key question: Which cryptocurrency currently meets the technical and structural criteria for a potentially favorable entry? Ethereum may stand out as one of the more compelling candidates.

With a technical setup suggesting the potential for an 80% upside move back toward its peak, ETH may offer a more favorable risk-to-reward scenario than Bitcoin at current levels.

Of course, buying based purely on the perception that an asset is discounted is neither sound nor sustainable for consistent, long-term success. A disciplined trader is advised to wait for clearer signals before entering any position.

Ethereum technical analysis

ETHUSD - 1 Day Time Frame

That’s exactly what we’ve focused on in this analysis of Ethereum (ETH). The current price action has fulfilled the main conditions for initiating a long position.

Most notably, the setup began with a sweep of Sell-Side Liquidity (SSL), followed by a strong bullish impulse that closed decisively above two critical resistance zones. These zones marked the last barriers of bearish price delivery, and their breach signals a clearer structural shift to bullish momentum.

Ethereum price target

As always, risk management is essential to any trade setup. In this case, a protective Stop Loss (SL) can be placed just below the internal swing low, as marked on the attached chart. This level may offer protection in the event that the bullish structure fails.

For Take Profit (TP) levels, it may be wise to target key Buy-Side Liquidity (BSL) zones—areas where price is likely to react during an upward move. These levels may serve as logical points for partial and final profit-taking, helping to reduce risk exposure while securing potential gains.