Ethereum | Huge Opportunity, Again

Dec 6, 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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