Ethereum (ETH) in a Strong Buying Zone
As I predicted in a recent post, Ethereum (ETH) is poised to reach the $3,700–$3,900 range soon. When ETH was trading near $3,500, I advised opening long positions, and as ETH climbed above $3,680, many investors secured healthy profits based on those signals.
Today’s Trading Recommendation:
If ETH trades above $3,550, consider opening a long position when the price nears $3,568. Set your stop loss at $3,500 and plan take-profits at:
$3,610
$3,650
$3,680
$3,720
$3,750
If ETH holds above $3,750, the next targets should be $3,900 and eventually $4,400.
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Market Insights:
ETH is under bullish pressure, but it needs to break through significant support at $3,700 to target $3,900. Yesterday, ETH almost hit $3,700, but BTC’s insufficient volume (failing to break the $97,600 support level) caused a market reversal, pulling ETH below $3,700. However, this pullback isn’t major; ETH’s 24-hour volume is increasing rapidly, aligning with broader market movements.
If the market’s total trading volume surpasses $50 billion, ETH could likely exceed $4,000. However, the market remains uncertain because BTC’s recent reversal was triggered by low trading volume of $70 billion. Wholesale investors are holding their positions, while retail traders are selling, contributing to temporary price dumps.
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Key Trading Advice:
Many buyers have been liquidated during this bull market, primarily due to high leverage and emotional trading. Here are my recommendations:
1. Avoid trading with leverage above 5x.
2. Focus on consistent daily profits rather than chasing quick, high-risk trades.
3. Stay calm, composed, and strategic when entering trades, especially during periods of low liquidity.
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Signal Performance:
My signals are highly accurate, with no recorded losses. The crypto market is volatile, but ETH remains a reliable asset in this bullish environment.
As shown in the attached chart, ETH has made multiple attempts to break $3,550 but hasn’t succeeded yet. This is the ideal time to open long trades.
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Thank you for your time, and I look forward to providing more accurate signals in the future.
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Let me know if you’d like any tweaks!
