1. Start with enough capital:

The more you start with, the easier it is to grow. For example, starting with $50,000 means you need to grow your money 20 times to reach $1 million. With $100,000, you need to grow it 10 times.

2. Learn the basics of the market:

Understand how Ethereum spot trading works. Buy when the price is low and sell when the price is high.

3. Using Technical Analysis:

Learn how to read charts and patterns.

Use indicators like RSI and Moving Averages to predict price movements.

4. Follow Ethereum News:

Follow Ethereum's technology updates, partnerships, and market trends to predict future price movements.

5. Set a trading plan:

The goal is to achieve small, steady gains (e.g. 5-10% per trade).

Use stop loss orders to limit losses and take profit orders to secure profits.

Increase your profits by reinvesting earnings from successful trades.

6. Risk management:

Risk only a small portion of your capital (1-2%) per trade.

Don't overtrade or make emotional decisions.

7. Take advantage of the bull market:

In a bull market, buy and hold for greater profits.

In sideways or falling markets, focus on smaller, more frequent trades.

8. Maintain consistency:

Focus on making small, consistent profits and avoid chasing risky trades.

By steadily growing your capital through smart trading, risk management, and market awareness, you can aim for $1 million. However, always remember that cryptocurrency trading is high risk.

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