Ethereum | Huge Opportunity, Again

6 de dez. de 2024

As you can see in the analysis here, we caught Ethereum at the bottom, but the funding rate liquidation came and it was bad for those holding futures positions.

I have two other analyzes before and they both made great profits, I am adding them both here.

1. [url=ETHUSDT.P: Where to Retrace]

2. https://www.tradingview.com/chart/ETHUSDT.P/C5qxqxaG-Ethereum-Set-to-Explode-Don-t-Miss-This-Game-Changer/

I don't think this will happen very often, so I think this is the entry point that suits the characteristics of the coin.

1. Accumulation Zone: "Green Boxes"

• Define the Zone Clearly: Identify key levels where Ethereum historically shows strong buying support (e.g., significant swing lows, Fibonacci retracements, or high-volume nodes).
  
• Volume Confirmation: Look for increasing buy-side volume as prices approach your green box, indicating strong interest in the area.
  
• 7% Maximum Drawdown Rule: Place stop-losses slightly below the bottom of these zones, ensuring risk management aligns with your plan.
  

2. Spot Buying for Long-Term Holds

• Fundamental Confidence: Your belief in Ethereum's "sufficient qualifications" likely comes from its dominance in smart contracts, DeFi, and scalability improvements like Layer 2 solutions. Stay updated on network upgrades (e.g., Danksharding or staking rewards growth).
  
• Portfolio Allocation: Allocate an amount you're comfortable holding long-term without constant monitoring.
  

3. Long-Term Rally Expectations

• Key Resistance Levels: Map out potential resistance areas where Ethereum might face challenges, such as $2,400, $3,000, and $4,800.
  
• Set Realistic Targets: While a "very long rally" is the goal, define stages where you might secure partial profits to de-risk your portfolio.
  

4. Watch Market Conditions

• Bitcoin Correlation: Ethereum often follows Bitcoin’s trajectory. Monitor BTC's movement and funding rates.
  
• Macro Factors: Keep an eye on broader economic indicators (e.g., interest rates, crypto adoption).
  

I keep my charts clean and simple because I believe clarity leads to better decisions.

My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.

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