Ethereum (ETH) has indeed lived up to everyone's expectations, accurately following the anticipated trajectory of October 24 (as indicated by the blue dashed line): successfully breaking through the EMA200 moving average, its trend has successfully shifted from bearish to bullish, and the original resistance line has now transformed into a strong support line.
In the subsequent movements, as long as its price can remain stable above the EMA200 moving average, even if there are some minor pullbacks, the upward trend still holds a high level of expectation.
There is even the possibility of replicating the extremely strong upward trend seen in early 2024.
However, at present, it is not the most ideal buying opportunity, and it is necessary to patiently wait for a more suitable moment to arise.
Looking at BTC, its price continues to hover around the extremely critical psychological price level of $100,000.
In this situation, compared to the risk of chasing more profits, focusing on safeguarding the profits already obtained is undoubtedly a wiser and more prudent strategy.
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